Unravel Tax Treatment of Healthcare Plans Under the Affordable Care Act

Congress has thus far been unable to create new health care legislation this year, so the Affordable Care Act (the ACA or “Obamacare”) is still the law of the land – complete with mandates, penalties and even tax credits. Because many practitioners thought that there would be new health care legislation, they’ve neglected to update their knowledge about the ACA, which is quite complicated when it comes to tax treatment of healthcare plans.

This session with tax attorney Arthur Werner provides updated information on the ACA for the rest of 2017 that will help practitioners to feel comfortable with their ability to assist clients – such as employers and individuals – in complying with the tax aspects of the law as it stands right now. Tax practitioners will get a complete understanding of the key tax and compliance issues under the ACA/Obamacare.

Session Highlights

• A timeline of the Affordable Care Act (2010 – 2020)
• Understanding the issues regarding the 0.9% Medicare “High Income Tax”
• Understanding the issues of the Medicare 3.8% “Net Investment Income Tax”
• What is (and what isn’t) “Net Investment Income”
• Small Employer Tax Credit
• Employer penalties for failure to provide coverage
• Calculation of “Full Time Equivalent Employees”
• The Premium Tax Credit and the Advanced Premium Tax Credit
• The Penalty for Not Being Insured (The “Shared Responsibility Payment”)
• Forms 1095-A, 1095-B, and 1095-C
• Compliance Issues – Form 8962
• Shared Allocations
• Penalty Exceptions and Compliance Issues – Form 8965
• Case Studies

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

• Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Attorneys
• Financial Planners
• Insurance Agents
• Bankers