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Course Details

This CLE/CPE course will provide guidance to healthcare counsel on the impact of tax reform on the healthcare industry.

Description

The first major tax reform legislation since the 1980s dramatically changes the U.S. tax system. The changes in the tax law will have significant implications for the healthcare industry. The new tax law includes provisions directly affecting healthcare, including the elimination of the individual mandate penalty, executive compensation excise tax.

Listen as our authoritative panel discusses tax reform for the healthcare industry, including medical expense deductions, federally mandated cuts to Medicare, tax-exempt municipal bond financing, individual mandate, UBIT and more. The panel will offer guidance on responding to tax reform’s challenges for the healthcare industry.

Outline

  1. Tax reform changes—impact on the healthcare industry
    1. Federally mandated cuts to Medicare/ PAYGO ramifications
    2. New executive compensation excise tax
    3. Individual mandate
  2. Unique issues for nonprofit healthcare providers
    1. Tax-exempt status
    2. UBIT
    3. Tax-exempt municipal bond financing

Benefits

The panel will review these and other key issues:

  • How changes under tax reform will affect healthcare providers, particularly nonprofits
  • Understanding the impact of the elimination of the individual mandate penalty
  • Impact and response to changes to UBIT and more

NASBA Details

After attending this webinar, you will be prepared to:

  • Identify key changes for healthcare providers under the tax reform law
  • Recognize tax-mitigating approaches to tax reform reductions in medical expense deductions, Medicare cuts, UBIT and more
  • Discern how tax reform affects executive compensation for healthcare industry executives
  • Determine tax reform impact for healthcare nonprofits

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ legal, business or public firm experience at mid-level within the organization; supervisory authority over other attorneys, preparers/accountants. knowledge and understanding of tax planning for healthcare entities, including medical expense deductions, Medicare reimbursements,non-profit tax issues, tax-exempt municipal bond financing, individual mandate and unrelated business income tax.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).