CPE Online Course Detail


Selected Tax and Other Provisions of the 2010 Health Care Act

Price :   $19.95
CPE Credits :   2.0
Course Code :   T011-0154
Category :   Taxation
  

Description:
The Patient Protection and Affordable Care and the Health Care and Education Reconciliation Acts of 2010 represent the most sweeping and controversial public health care program since the creation of Medicare. Overhauling a healthcare industry that accounts for over one sixth of the national economy while adding coverage for 32 million Americans, these Acts make extensive use of the Internal Revenue Code to reform health insurance. In fact, they contain more than $400 billion in revenue raisers and new taxes. This course overviews these major tax law changes and their affect on individuals, businesses, and healthcare providers.


Delivery Method: Online Self Study


Level: Overview


Prerequisites: None


Advanced Preparation: None


Policies: Click here


Author: Danny Santucci


Category: Taxation


Field of Study: NA


Passing Score: 70%


Publication Date: 01/15/2016


For More Detail: Click here



Objectives:
1. Identify the structural provisions of the Patient Protection and Affordable Care Act (PPAC) as they relate to essential health benefits and levels of coverage and determine how the responsibility requirement to maintain minimum essential coverage under PPAC impacts individuals and who would be exempt from these requirements;
2. Recognize how the provisions of PPAC affect individuals by:
a. Citing the difference between the types of premium assistance subsidies and credits available to individuals; and
b. Determining the tax consequences of PPAC for individuals as relates to itemized deductions, the hospital insurance tax, withdrawal penalties from HSAs, and loan repayment tax relief for health professionals.
3. Specify how the provisions of PPAC affect businesses by:
a. Citing the requirements of employer mandates and the resulting penalties associated with failure to provide adequate coverage;
b. Identifying the various fees and taxes imposed under PPAC and the credits and subsidies available to help small businesses pay for health insurance; and
c. Recognizing the application of the major provisions of PPAC for affected taxpayers by outlining the implementation timetable.


For More Objectives: Click here


NASBA: Yes


QAS: Yes


CPA: Suitable for all CPAs


IRS: Enrolled Agents Program Number 263UK-T-00129-14-S




© 2016 MasterCPE LLC
7683 SE 27th St., #216
Mercer Island, WA 98040
    

MasterCPE

Continuing Education for Smart Professionals