MORNING SESSION:
The Health Care Reform Act continues to be phased in this year and in future years. This seminar will help you better understand the impact of the Act so you can describe to your clients how health care and paying for coverage will change in the future. 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 the latest information.
AFTERNOON SESSION:
Our Social Security system provides retirement, disability, and survivor benefits to millions of Americans. The long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are now paying into the system. Attend this course to learn about FICA, the Medicare tax, and more. You will cover real-world situations and use the tools provided to advise your clients to make optimal decisions when it comes to Social Security and Medicare.
DESIGNED FOR
CPAs, professional accountants, financial advisors enrolled agents.
BENEFITS
- Recall key points related to tax ramifications associated with implementation of the Act
- Identify penalties that apply to individuals and businesses
- Recall tax changes that recently went into effect and how to assist clients with tax planning under the Health Care Reform Act
- Recall the role of the Social Security Administration and how FICA applies to the funding of Social Security, and Medicare benefits
- Identify the benefit eligibility issues and the disability income benefits and the multiple factors that can impact those benefits
- Determine Social Security benefits and the implications retirement age has on those benefits
- Identify what types of Social Security survivor benefits are available
- Identify coverages and costs associated with Medicare and what it does not cover.
HIGHLIGHTS
MORNING SESSION: Health Care Reform Act
- Individual Shared Responsibility Payments and Premium Tax Credits
- Employer Shared-Responsibility Payments
- IRS Employer and Insurer Reporting Requirements
- Small Business Tax Credit, SHOP Exchange, and Other ACA Tax Changes Impacting Individuals
AFTERNOON SESSION: Social Security and Medicare
- What Medicare will and will not do
- Managing Medicare gaps
- Analyzing the wide menu of Social Security benefits
- Social Security benefits for workers and families: retirement, survivor, disability, and death benefit
- Tax impact of social security premiums and benefits
- Impact of the 3.8% Medicare surtax on investment income
- Recent changes to the Medicare law
COURSE LEVEL
Intermediate
PREREQUISITES
Basic knowledge of Social Security and Medicare.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- This course does not qualify for the AICPA discount.
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.