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Patient Protection Act:  Unpacking the Tax Complexities Dan Gibson, CPA, EA Sarah Anderson, CPA, MST June 22, 2010
Opening Comments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
INDIVIDUALS
Minimum Essential Coverage Penalty ,[object Object],[object Object],[object Object],[object Object],[object Object]
Min. Essential Coverage Penalty(cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Min. Essential Coverage Penalty(cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Premium Assistance Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Premium Assistance Credit(cont) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Medical Expense Deduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indoor Tanning Services ,[object Object],[object Object],[object Object]
LARGE EMPLOYERS
Nondeductible Penalty (Pay or Play) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Nondeductible Penalty(Cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Free Choice Vouchers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SMALL EMPLOYERS
Small Business Tax Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HIGHER INCOME TAXPAYERS
Additional Medicare Payroll Tax ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Impact of Medicare Tax Increase Single Taxpayer Joint Return Earnings Additional Tax Earnings Additional Tax $250,000 $450 $250,000 $0 $500,000 $2,700 $500,000 $2,250 $1,000,000 $7,200 $1,000,000 $6,750 $5,000,000 $43,200 $5,000,000 $42,750
Medicare Tax on Unearned Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Expiration of Bush Tax Cuts Just a Reminder! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HIGH COST INSURANCE
High Cost Insurance Excise Tax ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
REPORTING REQUIREMENTS
Employers Providing Coverage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reporting for Large Employers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reporting on W-2’s ,[object Object],[object Object],[object Object]
FSAs/HSAs/HRAs
FSAs/HSAs/HRAs ,[object Object],[object Object],[object Object],[object Object]
Time Line Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Time Line Summary(cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Time Line Summary(cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Time Line Summary(cont.) ,[object Object],[object Object]
Contact Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sarah Anderson, CPA, MST Amper, Politziner & Mattia, LLP 750 Rt. 202 S, Suite 500 Bridgewater, NJ 08807 Phone: 908-218-5002 Email:  [email_address]

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Healthcare Act Presentation