Health Care

Yes, The 3.8% surtax is levied on the lesser of net investment income or the excess of modified adjusted gross income over $11,950 for estate and trusts. The new tax will be calculated on new IRS Form 8960 and transfer to Form 1041, Schedule G, line 4.

The Affordable Care Act (ACA) also referred to "Obamacare" is a United States federal statute signed into law by President Barack Obama on March 23, 2010.
On June 28, 2012, the United States Supreme Court upheld the constitutionality of the Affordable Care Act.
However, the Supreme Court held that states cannot be forced to participate in the Affordable Care Acts Medicaid expansion under penalty of losing their current Medicaid funding.
The Affordable Care Act includes a number of provisions that take effect between 2010 and 2020. Policies issued before 2010 are exempted by a grandfather clause from many of the changes to insurance standards, but they are affected by other provisions which take effect by January 1, 2014.

An employer that does not deduct and withhold Additional Medicare Tax as required is liable for the tax unless the tax that it failed to withhold from the employee’s wages is paid by the employee.
Even if not liable for the tax, an employer that does not meet its withholding, deposit, reporting, and payment responsibilities for Additional Medicare Tax may be subject to all applicable penalties.

No. Only large employers will face penalties for not providing insurance to employees. Under the new ACA law, small businesses with less than 50 employees are exempt from the penalty for not offering coverage to their employees.
Small businesses that do offer insurance to its employees may qualify for a tax credit as an incentive.
For companies with at least 50 employees, there are penalties if the business does not offer health insurance.

The statute requires an employer to withhold Additional Medicare Tax at a rate of 0.9 %on wages it pays to an employee in excess of $200,000 in a calendar year without regard to filing status.
A new line 5d has been added to Form 941.
The amount withheld will be reported with regular Medicare tax on Form W-2, Box 6.
Beginning January 1, 2013. An employer has this withholding obligation even though an employee may not be liable for Additional Medicare Tax Any withheld Additional Medicare Tax will be credited against the total tax liability shown on the individual’s income tax return (Form 1040).

Beginning in 2018, there will be a 40 percent excise tax levied on insurance companies when insurance premiums exceed certain amounts. This new tax won’t be levied on the employer unless they provide self-funded plans. The tax applies to the extent that yearly premiums exceed $10,200 for single coverage and $27,500 for family coverage.

For more info on the Affordable Care Act and other labor resources go to: https://www.dol.gov/ebsa/faqs/main.html

For more information on the Affordable Care Act provided by the IRS go to: http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home

Go to https://www.healthcare.gov/