New BNA Webinar Brings 'Big Four' Perspectives on Recent Health Care Legislation

ARLINGTON, Va., April 13 /PRNewswire-USNewswire/ -- Leading experts from the top four accounting firms will share perspectives on how the 2010 Patient Protection and Affordable Care Act and the 2010 Health Care and Education Reconciliation Act are poised to dramatically alter the health care delivery landscape. On April 21, 2010, G. Kenneth Robinson, Deloitte Tax LLP;  Edward M. Pudlowski, Ernst & Young LLP; Richard Speizman, KPMG; and Corina Trainer, PricewaterhouseCoopers, will speak at BNA Tax & Accounting's webinar Perspectives on New Health Care Legislation and will offer key insights on the new health care legislation.

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Moderated by BNA Daily Tax Report chief congressional correspondent Brett Ferguson, this 90-minute webinar will cover health related taxes and fees, tax exempt hospitals and clinics, employer-provided health plans, and economic substance.

"Tax-exempt entities, employers and individuals need to understand the requirements placed on them by the two Acts, as well as the tax provisions that mitigate their compliance costs," says BNA senior tax analyst Karen Fickes. "This webinar will offer in-depth perspectives on the new major health care initiatives, detailing those that apply immediately, and highlight ways that tax practitioners can prepare for those provisions taking effect in coming years."

OVERVIEW OF HEALTH-RELATED TAXES AND FEES

• Excise tax on high-cost employer health plans
  • Timing, application and how it's likely to affect benefit plans provided by employers
• Industry fees and excise taxes
  • Industries affected, application, and how they could create uncertainty for affected businesses as they plan their future cash flow and operations
• Elimination of deduction for Medicare Part D subsidy
  • Timing, and how denial of deduction will likely be another factor that employers take in account as they design or modify their plans associated with retiree prescription drug benefits
• Deduction limits for compensation paid by health insurance providers
  • Timing and compensation covered by new $500,000
• Limitation on health flexible spending arrangements
  • Timing of new cap placed on these arrangements

TAX EXEMPT HOSPITALS AND CLINICS

• Tax exemption requirements for hospitals and other healthcare providers
  • Community health needs assessment
  • Financial assistance policy
  • Limitation on charges
  • Collection processes
• Related provisions affecting Form 990 reporting; IRS data gathering

EMPLOYER-PROVIDED HEALTH PLANS: WHAT LARGE EMPLOYERS NEED TO KNOW

• How the legislation affects employer-provided health care plans
• New costs, compliance obligations, and risks that employers face
• Navigating through these changes

ECONOMIC SUBSTANCE

• Overview of the economic substance doctrine
• How the legislation change this doctrine
• Impact on Transactions
  • Timing, Application, and Exceptions
  • Issues needing clarification
  • Penalties and Related Issues

Speakers:

• Tax-Exempt Hospitals and Clinics -- Richard Speizman, Partner, Exempt Organizations Tax Practice, Washington National Tax, KPMG
• Overview of Health-Related Taxes and Fees -- G. Kenneth Robinson, III, National Tax Director, Deloitte Tax LLP
• Employer–Provided Health Plans: What Large Employers Need to Know -- Ernst & Young -- Edward M. Pudlowski, Principal, Performance & Reward, Ernst & Young LLP
• Economic Substance --  Corina Trainer, Managing Director, National Tax Services, PricewaterhouseCoopers

Health Care Reform – Perspectives on New Health Care Legislation takes place April 21, 2010, from 12:30 – 2:00 pm, ET). To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/big-four-webinar/?open&cmpid=tmtxpr2010 or call 1-800-372-1033, menu Option 6, then Option 1. The fee is $249 for BNA subscribers, $299 for nonsubscribers. To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm

About BNA Tax & Accounting Webinars

BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area -- and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits -- all from the convenience of their own office or conference room.

SOURCE BNA Tax & Accounting