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Live Webinar

90-minute live streaming program
  • March 28
  • 1:00 - 2:30 pm EST

The Essentials of Taxing and Reporting Insurance Benefits

March 28

Gain an understanding of the tax rules surrounding health and welfare benefits along with deadlines and reporting requirements.

This program will cover the basics of calculating the taxation of health and welfare benefits provided to employees, along with the reporting requirements associated with these benefits. It will include a discussion of the reporting requirements for medical coverage under the Affordable Care Act, and how to navigate the taxation of the alphabet soup of health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs). Employers will gain an understanding of the tax rules surrounding health and welfare benefits and the deadlines for associated reporting requirements.

Learning Objectives

  • You will be able to review how to calculate and report taxation of health benefits.
  • You will be able to discuss how to report medical benefits to comply with ACA requirements.
  • You will be able to describe how to administer and calculate taxation of HSAs, FSAs and HRAs.
  • You will be able to explain how to calculate and report taxation of group term life insurance.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How to Calculate and Report Taxation of Health Benefits
  • Employer-Provided Benefits
  • Benefits With an Employee Contribution
  • Special Issues Related to Domestic Partner/Non-Tax Beneficiary Coverage
How to Report Medical Benefits to Comply With ACA Requirements
  • Overview of ACA Requirements
  • Reporting Minimum Essential Coverage
  • Reporting Offers of Coverage
  • Issues for Employers That Are Part of a Larger Controlled Group
  • IRS Letter 226J
How to Administer and Calculate Taxation of HSAs, FSAs and HRAs
  • Taxation of HSAs
  • Taxation of FSAs
    • Health Care FSAs
    • Dependent Care FSAs
  • Taxation of HRAs
How to Calculate and Report Taxation of Group Term Life Insurance
  • Overview of Tax Requirements for Employer-Provided Life Insurance
  • Distinction Between Employer-Provided Insurance and Insurance Paid for by Employee
  • Coverage Offered Through Cafeteria Plan
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPP/FPC
     
  • Lorman Education Services is an approved provider through the American Payroll Association. This seminar is approved for 1.5 RCHs. PLEASE NOTE: To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety and use the streaming option, as well as enable (and complete) the required progress checks.
     
  • ASA 1.5
     
  • This program qualifies for 1.5 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]
     
  • HR Certification Institute 1.5
     
  • This program has been approved for 1.5 recertification credit hours for each session toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.8 including Personnel/HR 1.8
     
  • Lorman Education Services 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.8 hours. Prerequisite: basic knowledge of processing payroll. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     

Who should attend?

This live webinar is designed for human resource and payroll professionals, benefits managers, business owners and managers, controllers, CFOs, accountants and bookkeepers.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Joanna C. Kerpen

Joanna C. Kerpen

Winston & Strawn LLP

  • Attorney with Winston & Strawn LLP
  • Focuses her practice on employee benefits tax and Employee Retirement Income Security Act (ERISA) matters related to 401(k), pension, health and welfare, and executive compensation plans, including designing, amending, and administering such plans
  • Has extensive experience with the Patient Protection and Affordable Care Act, the Health Insurance Portability and Accountability Act, and various other federal and state laws relevant to health and welfare plans
  • Represented clients before the Department of Labor and Internal Revenue Service; she has assisted clients with voluntary correction filings under the Employee Plans Compliance Resolution System and applications for determination letters on plan termination and tax qualification
  • LL.M. degree, with distinction, Georgetown University Law Center; J.D. degree, Loyola University of Chicago School of Law; B.S. degree in accounting and art history, Boston College
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 405164
Published 2019
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