Course Details


Course Name: Patient Protection and Affordable Care Act of 2010
CPE Credits: 3
IRS Credits: 3
Type: Online/Video
Exam: Passing grade (70%)
Price: $45


Description:
In 2010, Congress passed the most sweeping health care legislation since Medicare. The bill contains revenue generators (taxes) of more than $400 billion. Since its inception, the Act has caused concern amongst tax professionals due to its complexity as well as its modifications and delays. This course will provide an overview to the major tax law changes, along with examples and illustrations to demonstrate their impact on individuals and businesses.


Topics:
Introduction and highlights of the PPACA
General overview of the PPACA
Authority
Lower exclusion for flexible savings accounts
New limitations on medical deductions
Additional medicare tax – Review IRS forms 1040 and 8959
Net investment income tax – Review IRS forms 1040 and 8960
Review the American taxpayer relief act of 2012
The individual shared responsibility payment
Health insurance coverage options, exemptions and penalties
Premium tax credits and review CBO report
Overview of business provisions of the PPACA
Additional medicare tax for business
Review various additional business taxes: Tanning services Part 1
Review various additional business taxes: Tanning services Part 2
Review various additional business taxes: Medical device tax
Small business healthcare credit Part 1 – Review IRS forms 3800 and 8941
Small business healthcare credit Part 2 – Review IRS forms 8941
Shared responsibility payments and premium tax credit






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