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8.0 Credits

The Affordable Care Act (ACA) is of immense importance to millions of individuals and millions of businesses and their owners. Both otherwise uninsured individuals and employers with 50 or more fulltime or full-time equivalent employees must be on top of the complicated ACA rules as they apply in 2016 and beyond. Many businesses not compliant with the ACA may ultimately be forced to pay very large penalties due to their noncompliance. Of equal importance is the impact of IRS Notice 2015-17 on employer reimbursements of employees for premiums they pay for health insurance. The Notice includes special rules for S corporation reimbursements of greater than 2% shareholders. This course will focus on the key issues and planning strategies that tax practitioners need to know in order to advise their clients regarding this far-reaching legislation.


  • Understand how the Affordable Care Act affects businesses, employees, and individuals not covered by an employer's health plan
  • Recognize when and how penalties apply to individuals and businesses under the ACA

Major Topics

  • When can an individual claim a subsidy to purchase health insurance on the health exchange?
  • When an individual is subject to a penalty for failure to purchase health insurance
  • IRS Notice 2015-17 and its impact on employer reimbursements and S corporation reimbursements of greater than 2%shareholders
  • Shared responsibility excise tax penalty for large employers (i.e., 100/50 or more employees)
  • Calculating and defining the 100/50-employee count
  • Options for individuals who do not have health insurance coverage through an employer
  • Small business health insurance credit: when can an employer claim it?

Designed For

Tax practitioners who need to understand the changes and implications of the Affordable Care Act


A working knowledge of tax law as it relates to health insurance