Questions on the Legality of the Health Care Tax Law

Recently, there have been several controversies about the legality of the Health Care Law and many Americans are confused as to whether the law was actually constitutionally passed or whether there was a flaw in the way it was passed. What are the basics of how federal laws are passed? Is the Health Care Law, indeed, constitutional and was it was correctly passed?

How Federal Laws Get Passed

For a bill to become public law, a motion or bill needs to be introduced either into the House of Representatives or in the Senate. The bill is either sponsored by an individual member of the two law making houses or it may be co-sponsored by several members. Once introduced, it is handed over to a committee that gets further details and information on the bill and eventually votes before returning the bill to the house where it was introduced. The bill is then debated on and finally, a vote is taken and if the bill passes by a majority vote, it is forwarded to the alternative law making entity - The Senate bill to the House of Representatives and vice versa. The other house debates and may make adjustments to the bill. A vote is then taken and if the majority pass it, it is adopted by the house. If the two bills are different due to amendments, then one of the houses must accept the version of the other house. Once there is a consensus on the law to be passed, the bill is sent to the president for signing. The president can either veto or accept the bill. If he or she signs the bill, the bill becomes public law.

The Passing of the Health Care law

For the Health Care law, all these stages and procedures were fulfilled:

    Introduction - The Health care bill was introduced into the House of Representatives on September 17, 2009 and was sponsored by Rep. Charles B Rangel (Democrat -New York). The bill was forwarded to the committee in charge and the committee returned the bill to the house for debating and voting.
    Passing of Bill by House of Representatives - Upon debating, the bill was passed in the House of Representatives by a majority of 243-173.
    Receipt by Senate - The bill was then forwarded to the senate on October 8th, 2009 and after the committal stage and debates, the Senate made several adjustments to the bill.
    Passing of Bill by Senate - The amended bill was then passed in the Senate with a majority vote of 60-39
    House Adopts Senate Amendments - After consultation, the House of Representatives adopted the Senates adjustments of the Heath Care bill on March 21, 2010.
    The President Signs Bill into Public Law - On March 23, 2010, President Obama signed the Health Care bill into public law

Rob L Daniel and partners of Limon Whitaker & Morgan, for years have helped businesses and individuals Nationwide, with their delinquent IRS & State tax problems. The firm is based in Los Angeles, California USA. / Tel:888.321.6188

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Evasive Action to Overbearing Healthcare Reform

Benefits of Online Healthcare Administration Degrees

An online healthcare administration degree offers people the opportunity to work within various different and growing industries. One might think the benefit of an online degree is not different depending on the degree. However, in healthcare, an online degree can help you gain experience while you strive for better positions within your organization. Generally, the benefits of an online MHA degree will help you gain a career path and a future.

The first major benefit of an online degree is that you have the opportunity to work while you are pursuing your education. This might seem obvious, but in healthcare administration this is a huge bonus. General business degrees and other online degrees do not offer you the focus that a healthcare administration degree might. This program will help you gain entry into the field of health care management.

For example, many different programs offer you virtual career support so you can gain a position within a hospital, medical device company, or government offices. In the event the program does offer these services, you will have a leg up on the competition. Many programs also require some internship. In these experiences, you will have the opportunity to network and gain a possible entry level position in these organizations.

The second major benefit is that it is one of the few online degrees with a very specific focus. General business programs do offer benefits, but the focus on health care gives you the opportunity to focus your time and effort within a specific area. This focus will not only help you understand a specific area in depth, but it will also allow employers to look at your seriously.

Many employers wonder whether someone is simply interested in a job or an actual career in their industry. In health care, the organizations will take notice that you are focusing your efforts on their industry and how to manage these organizations. These organizations will look at your first against other people without the degree. In the end, you will be able to distinguish yourself with an MHA degree.

The third major benefit is that you can be introduced to students throughout the country. These online programs provide a lot of interaction with students, professors, and professionals. You will work on projects with others and even visit the campus for a week or two during the year. At these times, you will get the chance to work with people new to the field but also students that are in the field. These professionals that are already in the field will certainly allow the opportunity for future jobs.

One student who was discussing their story explained that they received their first job offer from a fellow student in their program. The student worked with the other student on multiple projects. The other student was a hospital CFO and once the program finished, the CFO offered the student a position within their office. This is one of many examples of this occurring.

These programs offer many benefits, but an MHA Degree will certainly allow you the flexibility needed to become a future hospital executive.

If you are interested in a Masters of Health Administration program, then please feel free to visit my website that discusses Online MHA Degree programs.

Facts About the Small Business Healthcare Tax Credit

The Small Business Healthcare Tax Credit is set to encourage small businesses and tax exempt organizations to provide the necessary healthcare benefit to their employees. This tax credit was introduced in 2010 under the Affordable Care Act. Qualifying businesses and charities can claim this credit and therefore reduce their tax bill dollar for dollar. This credit is available to both first time healthcare providing employers and employers who have been providing healthcare for their employees in the past. Below are the qualifying requirements for the tax credit:

Business Size

To qualify for the Small Business Healthcare Credit, a business or tax exempt organization needs to have a maximum of 25 full time employees or equivalent. These employees need to earn on average, not more than $50,000. An organization whose size is larger than this threshold does not qualify for the credit. The IRS determines whether an employee is full time or not according to the definition provided by the Department of Labor. According to the Department of Labor, a full time employee is an employee who works for at least 30 hours a week for the same employer.

Credit to Claim

For the tax years 2010 to 2013, qualifying businesses can claim up to 35% of Healthcare premiums paid for its employees while tax exempt organizations can claim up to 25% of their employee Healthcare expense. However, for 2014 and beyond, the credit goes up to 50% of premiums paid for qualifying businesses and 35% for qualifying tax-exempt organizations.

Non Refundable Credit

The Small Business Healthcare Credit is a non refundable tax credit. Therefore, organizations and businesses that qualify to claim the credit can only use up the credit against due taxes. These qualifying organizations cannot get a refund check against the credit. However, if a qualifying small business does not use up all its credit on the year of claiming, it can carry forward the credit from 2010 to 2016

Filing the Claim

For a business or tax exempt organization to successfully claim this tax credit, they need to file Form 8941, Credit for Small Employer Health Insurance Premiums. This forms enables the employers to list the employees and premiums paid and calculate the qualifying credit that they will claim for a given tax year. The qualifying employer also needs to claim the final Healthcare tax credit amount on the Form 3800, General Business Credit as part of the general business credits.

It is also important that employers keep the relevant documentation to support the claim in case of an IRS audit. The support documentation includes receipts of premiums paid or a statement from your healthcare provider.

Rob L Daniel and partners of Limon Whitaker & Morgan, for years have helped businesses and individuals Nationwide, with their delinquent IRS & State tax problems. The firm is based in Los Angeles, California USA. / Tel:888.321.6188

You have permission to republish and use this article in your newsletter, website, or blog as long as you leave the article fully intact, and include this resource box at the end of the article.