Tax provisions in the Patient Protection and Affordable Care Act


Overview
The landmark legislation known as the Patient Protection and Affordable Care Act (PPACA), signed into law in 2010, is likely to affect virtually every person and institution in the United States in some way. It imposes healthcare-related requirements on health plans, health insurers, employers and individuals. This course will review the principal provisions of the law and will examine its tax impact on individuals and businesses.
 
Objectives
Upon completion of this course, participants will be able to:

  • List the principal healthcare provisions of the PPACA;
  • Identify the tax credits for which small businesses may be eligible when sponsoring employee health plans;
  • Recognize the shared responsibility requirements for applicable employers regarding employee health coverage;
  • Compute the tax penalties imposed under the PPACA for an employer’s failure to meet the applicable shared responsibility requirements; and
  • Calculate the tax credits and tax penalties designed to help ensure that individuals meet the requirement to maintain minimum essential coverage.
Prerequisite
None

Preparation
No advance preparation required

Level of Knowledge
Basic

CPE Credit
2 Hours

Delivery Method  
Group Internet Based

NASBA Field of Study
Taxes

Author
Thomas Kirwin