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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 3 Credit Hour video online course will provide an overview to the major tax law changes, along with examples and illustrations to demonstrate their impact on individuals and businesses.

Your professor is Arthur Reed, MBA, CPA, MST. This course is for exempt/credentialed Tax Preparers Only. This course will cover the following topics: Authority and Research; The Lower Exclusion For Flexible Savings Accounts; The New Limitations on Medical Deductions; The Additional Medicare Tax and Reviews IRS Forms 1040 and 8959; The Net Investment Income Tax and Reviews IRS Forms 1040 and 8960 American Taxpayer Relief Act of 2012 and Reviews IRS Forms 8959 and 8960 Health Insurance Coverage Options, Exemptions and Penalties; The Additional Medicare Tax for Businesses Various Additional Business Taxes; The Small Business Healthcare Credit and Review of IRS Forms 3800 and 8941 Part 1 Shared Responsibility Payments and Premium Tax Credits.

Learning Objectives

  • Understand the General Overview of The PPACA
  • Understand Authority and Research
  • Know and apply The Lower Exclusion For Flexible Savings Accounts
  • Learn about the New Limitations on Medical Deductions
  • Understand the Additional Medicare Tax and Review IRS Forms 1040 and 8959
  • Understand The Net Investment Income Tax and Review IRS Forms 1040 and 8960
  • Learn about The American Taxpayer Relief Act of 2012 and Review IRS Forms 8959 and 8960
  • Calculate The Individual Shared Responsibility Payment
  • Understand Health Insurance Coverage Options, Exemptions and Penalties
  • Calculate Premium Tax Credits and Review The CBO Report
  • Know an Overview of Business Provisions of The PPACA
  • Understand The Additional Medicare Tax for Businesses
  • Know The Small Business Healthcare Credit and Review IRS Forms 3800 and 8941 Part 1
  • Understand The Shared Responsibility Payments and Premium Tax Credit
Last updated/reviewed: November 20, 2019

Prerequisites

Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  5:14Lesson 1- Introduction to Patient Protection and Affordable Care Act of 2010
  4:54Lesson 2- A General Overview of The PPACA
  5:45Lesson 3 - Authority
  6:50Lesson 4 - Lower Exclusion For Flexible Savings Accounts
  5:17Lesson 5 - New Limitations on Medical Deductions
  16:19Lesson 6 - Additional Medicare Tax - Reviews IRS Forms 1040 and 8959
  9:12Lesson 7- Net Investment Income Tax - Reviews IRS Forms 1040 and 8960
  6:17Lesson 8 - Review The American Taxpayer Relief Act of 2012
  5:51Lesson 9 - The Individual Shared Responsibility Payment
  9:47Lesson 10 - Health Insurance Coverage Options, Exemptions and Penalties
  7:13Lesson 11- Premium Tax Credits and Review CBO Report
  8:23Lesson 12 - Overview of Business Provisions of The PPACA
  9:15Lesson 13 - Additional Medicare Tax for Business
  7:56Lesson 14 - Review Various Additional Business Taxes: Tanning Services Part 1
  11:54Lesson 15 - Review Various Additional Business Taxes: Tanning Services Part 2
  14:04Lesson 16 - Review Various Additional Business Taxes: Medical Device Tax
  13:59Lesson 17 - Small Business Healthcare Credit Part 1 - Reviews IRS Forms 3800 and 8941
  12:32Lesson 18 - Small Business Healthcare Credit Part 2 - Review IRS Forms 3800 and 8941
  12:44Lesson 19 - Shared Responsibility Payments and Premium Tax Credit
CONTINUOUS PLAY
SUPPORTING MATERIALS
  PDFPatient Protection and Affordable Care Act of 2010 Glossary/Index
  ZIPIRS Forms and Instructions
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM