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CPE Self-Study
Health Care Reform Act: Critical Tax and Insurance Ramifications
NASBA FIELD OF STUDY
Taxes
LEVEL
Intermediate
CPE CREDITS
Text: 3.0, Online: 5.5
Understand the impact of the law, including new IRS reporting requirements for firms.

CPE On-Demand
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Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

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  • Microsoft Internet Explorer
  • Mozilla Firefox

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Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

Stay up-to-date.

Who Will Benefit?

  • CPAs
  • Enrolled agents
  • Financial advisers
  • Insurance brokers

Key Topics

  • Employer's shared responsibility payment
  • Health Insurance Premium tax credit eligibility and calculations
  • ACA Employer penalties for non-compliance
  • IRS employer and insurer reporting requirements
  • Small business tax credit for providing health insurance
  • The Small Business Health Options Program (SHOP) Exchange

Learning Objectives

  • Identify factors affecting eligibility for premium tax credits under the Patient Protection and Affordable Care Act (ACA).
  • Estimate the premium tax credit under different income levels.
  • Estimate firm size based on full-time equivalents (FTEs) to determine which firms are potentialy liable for an employer-shared responsibility payment.
  • Calculate potential penalties for employers who currently provide health insurance coverage and for those who do not provide health insurance coverage.
  • Identify how potential penalties are applied in a controlled group.
  • Identify which firms are eligible for full or partial small business tax credit given average wages and firm size.
  • Estimate the potential penalties for not submitting ACA IRS reporting forms to the IRS

Internal Revenue Code provisions under The Affordable Care Act can result in huge penalties for employers. The high cost of non-compliance makes it imperative for employers, and the tax professionals that guide them, to be educated and aware of the current provisions in effect.

This self-study course will help you better understand the impact of the law, including:

  • How individual and employer-shared responsibilities are assessed;
  • The availability of premium tax credits for individuals and small businesses; and,
  • New IRS reporting requirements for firms with 50 or more full-time equivalents.

In addition, you'll discover how to use this information for tax planning opportunities. This topic is constantly changing, so make sure you're up-to-date on this latest information.

Ratings and reviews
Author(s)

Janemarie Mulvey, Ph. D.

Janemarie Mulvey is an economist and award-winning author with more than 25 years of experience in the analysis of health and long-term care financing, taxation, and retirement security issues.

As a senior health economist at the Congressional Research Service (CRS) during enactment and implementation of the Affordable Care Act, Dr. Mulvey advised members of Congress and their staffs on key issues of the law and the nuances and complexities relating to implementation issues. Her CRS reports on ACA provisions—including employer penalties, individual mandates, and the small business tax credit—are still widely available and are being used by numerous organizations to educate their members about meeting their obligations under the ACA.

As the Small Business Administration's chief economist within the Office of Advocacy and earlier as deputy director of the Research Center at Towers Watson, Dr. Mulvey gained extensive experience in the analysis of public policies affecting both large and small employers.

Earlier in her career, Dr. Mulvey directed the economic research departments of the College of American Pathologists and the American Council of Life Insurers. She also held senior positions at the Urban Institute and the American Association of Retired Persons (AARP). Dr. Mulvey received her Ph.D. in economics from George Mason University and her M.A. and B.A. in economics from the University of Maryland.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$129.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$129.00
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CREDIT INFO
CPE credits
Text
: 3.0,
Online
: 5.5
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
CL4HCRA
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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