Course Details

2013 Medicare Tax Increases: New Issues for Tax Return Preparers

Webinar: ID# 1011769
Recorded CD
About This Course:
The 3.8% surcharge is assessed on investment income and capital gains and is calculated differently for individuals than for trusts and estates. Individuals whose income is above a threshold amount will pay an additional Medicare surtax of .9%, so the top Medicare tax rate will be 2.35% (1.45% plus .9%) for wages over the threshold.

Selecting the appropriate filing status, properly computing the tax, and understanding the definition of net investment income could have a significant impact on tax obligations. The IRS has issued proposed guidance, but will not release final regulations until next spring.

Listen as our authoritative panel reviews the new Medicare surcharge rules and offers guidance in understanding the definition of net investment income. The panel will focus on selection of the filing status, outline ways to compute the tax, and discuss the Medicare surtax.


I. Net investment income tax

  • Definition of net investment income
  • Computing the tax
  • Filing status selection implications

II. 9% Medicare surtax on wages and self-employment income

  • Issues for employers
  • Calculations
  • IRS guidance


The panel will review these and other key questions:

  • What complexities should tax preparers be cognizant of with respect to the new taxes?
  • What is included in net investment income?
  • What impact could the selection of filing status have on the tax calculations?
  • Can individuals work with their employers to arrange for withholding of the additional Medicare taxes, if the employees' wages might not have triggered an automatic withholding threshold?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Upon completing this seminar, you will have increased knowledge about the new Medicare surcharge rules and a better understanding of the definition of net investment income and ways to compute the tax.


Anne Bushman, Tax Services Manager, McGladrey, Washington, D.C.

She is a federal tax specialist for partnership clients at the firm, researching and providing advice on partnership-related issues for regional offices. She previously worked at Deloitte Tax with closely-held businesses and high-net-worth individuals.

Mary B. Hevener, Partner, Morgan Lewis &Bockius, Washington, D.C.

She focuses her practice on benefits provided to employees and independent contractors outside of qualified retirement plans. She advises large U.S. and multinational companies on minimizing payroll taxes and maximizing corporate deductions with respect to worker benefits. She has been involved in tax litigation involving income tax withholding and FICA taxation of tax-qualified stock options.

Stephen J. Bigge, CPA, Partner, Keebler &Associates, Green Bay, WI

His emphasis is in developing comprehensive financial, estate and income tax analyses and wealth transfer techniques including FLP, GRATS, CRTs, ILITs and IDGTs. He specializes in estate, gift and retirement planning, charitable gift planning, as well as trust and estate administration. He is a frequent writer for Taxes Magazine in his area of expertise.

Credits Available

Strafford is an IRS approved continuing education provider and this course is approved for 2 tax return preparer credit hours (tax law updates). Processing of RTRP credits is included in the registration price.

This program has been approved for 2.0 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.


To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Credit Confirmation

Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.


Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.

2013 Medicare Tax Increases: New Issues for Tax Return Preparers
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