Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive download instructions by email.
Format: Online pdf text (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Basic
CPE Credit: 4 hrs. Taxes
Price without printed book: $60.00
Price with printed book: $80.00 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description: This course covers the following plans developed by the IRS for medical expenses:
• Health Savings Accounts
• Archer Medical Savings Accounts
• Medicare + Choice Medical Savings Accounts
• Health Flexible Spending Arrangements
• Health Reimbursement Arrangements
• Itemizing Medical Expenses on Form 1040
• Health Coverage Tax Credit
The course describes the plan, tells the benefits of each plan, tells who is eligible for each plan, tells how to begin and participate in each plan, and gives information on how to report contributions and distributions to the IRS, as well as additional information that is specific to each plan.
Objectives:
An individual taking this course will learn the following:
• The benefits of each plan
• The differences between plans
• How to become eligible for the different plans
• How to report information about the plans to the IRS
• Line by line instructions for filling out IRS required forms relating to these plans
• Plan limits for contributions and distributions
About the Author:
Laura J Butler holds a B.S. in accounting from Oklahoma State University. She is a certified public accountant with over 9 years in accounting, tax preparation, supervisory and managerial experience. She has worked in such industries as healthcare, clothing and pest control.
Her experience has included analyzing financial statements, reconciling accounts, filing sales and use tax, and various employment taxes. She also prepared working papers for auditors at year-end and filed year-end reports to the IRS such as W-2s and 1099s.