Tax Treatment of Sickness and Injury Plans (Currently Unavailable)

Author: Paul J. Winn

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Tax Treatment of Sickness and Injury Plans addresses the tax treatment of plans designed to provide benefits upon the sickness or injury of a taxpayer. It examines the tax treatment of contributions to and benefits received under, health insurance, health savings accounts (HSAs), Archer medical savings accounts (MSAs), health reimbursement arrangements (HRAs), disability insurance and long-term care insurance.

Publication Date: November 2016

Designed For
Tax practitioners; including Enrolled Agents and Registered Tax Return Preparers.

Topics Covered

  • Plans designed to provide benefits upon the sickness or injury of a taxpayer
  • Health insurance
  • Health savings accounts (HSAs)
  • Archer medical savings accounts (MSAs)
  • Health reimbursement arrangements (HRAs),
  • Disability insurance and long-term care insurance.

Learning Objectives

  • Recognize the tax treatment of plans designed to provide benefits upon the sickness or injury of a taxpayer
  • Identify the tax treatment of contributions to and benefits received
  • Identify the tax treatment of health insurance premiums and benefits
  • Recognize and apply the rules governing HSAs Archer MSAs
  • Differentiate the tax treatment of employer-paid and individually-paid disability income insurance policies
  • Recognize and apply the tax rules governing business-related disability coverage
  • Identify the tax treatment of long term care insurance

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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