CCH Audio Seminar Reveals What Tax Professionals Need to Know About the New Health Care Legislation
Tuesday, April 13, 2010
Posted by: Doug Donald
The immediate and long-range tax implications of the just-passed health care reform legislation – the Patient Protection and Affordable Care Act of 2010 and the Health Care and Education Reconciliation Act of 2010 , affecting both individuals and businesses, will be the focus of a timely two-hour CCH telephone seminar on Friday, April 23 at 1:00 p.m. Eastern; 12:00 p.m. Central; 11:00 a.m. Mountain; 10:00 a.m. Pacific. Tax experts Mark Luscombe, JD, LLM, CPA and Vern Hoven, CPA, EA, MST will examine the important tax provisions of this historic new legislation, which contains over $400 billion in revenue raisers and new taxes put in place to help finance the expansion of insurance coverage, plus credits and other assistance to help offset the costs of insurance for individuals and small businesses. CCH, a Wolters Kluwer business is a leading provider of tax, accounting and audit information, software and services (CCHGroup.com/AudioSeminars).
“Mark Luscombe and Vern Hoven are superb presenters who follow and analyze tax legislation as it develops. They will detail the many important changes contained in this wide-ranging new law that tax professionals need to know about and will explain how the tax provisions affect your firm, your company or your clients, ” said Joe Gornick, CCH Audio Seminars Senior Manager.
The seminar will make participants aware of significant new tax developments and their schedule for implementation. They will also give important practical pointers and suggestions on how to best take advantage of opportunities created by the new law. Topics include:
- Premium assistance tax credit for certain low-income individuals;
- Penalty for individuals without minimum coverage;
- Increased medical expenses itemized deduction threshold (10 percent of adjusted gross income);
- Additional Medicare tax on higher-income individuals’ earned and investment income;
- Expanded applicability of the adoption credit and adoption assistance programs;
- Changes to distributions from FSAs, HSAs and MSAs;
- Penalty on large and mid-size employers who fail to provide minimum essential coverage;
- Small employer tax credit to offset employer-provided coverage;
- 40-percent excise tax on high-dollar “Cadillac” plans;
- Additional reporting requirements for employers; and much more.
In addition, the presentation time will include opportunities for participants to phone or e-mail their most pressing questions to the speakers.
About the Speakers
Mark Luscombe, a CPA and attorney, is the Principal Federal Tax Analyst for CCH and a key member of the company’s Tax Legislation team tracking and analyzing legislation before Congress. Luscombe is the current developments chair of the Partnership Committee, American Bar Association Tax Section, and regularly speaks on wide range of tax topics. In addition, Luscombe co-authors a biweekly tax strategies column for Accounting Today and authors a monthly tax trends column in CCH’s TAXES: The Tax Magazine. Prior to joining CCH, he was in private practice for more than 20 years with several Chicago-area law firms where he specialized in taxation.
Vern Hoven, CPA, EA, MST is one of the most popular tax educators in the country. His dynamic presentations, books and articles combine the real-life experience of a practicing CPA and a licensed real estate broker with essential down-to-earth tax materials. Numerous state CPA Societies have named Hoven their “Tax Instructor of the Year” and he is a favorite for interviews on radio, television and in newspapers. Additionally, Hoven’s speaking skills earned him the coveted Certified Speaking Professional designation from the National Speakers Association. Hoven has served on many national boards, including the National Association of REALTORS® Legislative Committee and the Federal Tax Subcommittee. He also served as National Secretary and as National Director-at-Large for the National Real Estate Educators Association. He is a CPA and an Enrolled Agent, and he has a Master’s Degree in Taxation from the University of Denver's School of Law.
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the $249 per-site fee, an unlimited number of listeners at a site can participate and get up to speed and in-the-know on these important topics. One CPE certificate is included with each site registration.
CCH Audio Seminars are designed for two hours of CPE credit. CPE Certificates are available for $25 for each additional person wishing to receive CPE credits for participation in the seminar.
Along with detailed handout materials, each site registering for this audio seminar will receive a complimentary issue of CCH’s TAXES - The Tax Magazine .
How to Register
To register online using a credit card, go to http://www.krm.com/cch. To register by phone, call CCH Customer Service at 1-800-775-7654. For more information, go to CCHGroup.com/AudioSeminars.
About CCH, a Wolters Kluwer business
A CD audio recording of the event and handout materials in PDF format will be available one week after the live audio seminar event. CD purchase includes a copy of a seminar bonus publication. (Note: CPE credit is not available for the CD version of the presentation.) Price of the CD is $249; combined price for the live seminar site license and the CD is $349.
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world. Wolters Kluwer has 2009 annual revenues of €3.4 billion ($4.8 billion/£3.0 billion), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.