KB13-053 On the IRS payroll industry call August 3rd, 2017, the IRS requested payroll software providers to educate users of their software on the best practice approach for printing forms for mail to the IRS. The Integrity Data ACA Compliance Solution provides the ability for users to print forms 1094-C and 1095-C. These forms can [...]
Union plans – must they always be Multi-Employer IR safe harbor plans, or if the employer is not required to pay Union fees can the plan fall under the other safe harbor options?
KB14-051 It has nothing to do with union fees. The multi-employer plan transition relief (2E) provides that a contributing employer is treated as offering coverage, and generally protected from a penalty, if the following three criteria are met: The employer is required to contribute to a multi-employer plan on behalf of an employee pursuant to [...]
KB14-50 There are only three scenarios to use this: Volunteer employees who are just being paid for reasonable expenses Students performing work as part of the federal work study program or a substantially similar program of a state or political subdivision Members of religious orders where service work is performed by an individual who is [...]
We have RETIREES over 65 and some under 65 that had no hours on the payroll but took insurance. Could you go over the law for retirees and how we handle this in our solution?
KB14-047 The only time retirees come into play for reporting is if the retiree was enrolled in a self-funded employer sponsored health coverage. Fully insured - Nothing on our end needs to be done as the carrier will do the reporting via 1095-B. However, if the plan the retiree is enrolled in is self-insured then [...]
KB13-052It is true that businesses that are self-insured must report a Social Security Number for every covered dependent they identify under Part III of IRS Form 1095-C. A penalty could be assessed for failure to supply the TIN (TIN stands for Taxpayer Identification Number which refers to the SSN)However, Notice 2015-68, states as follows, “Specifically, [...]
KB14-045 Yes, you can find them in the Definitions section of the IRS 2016 Instructions for Forms 1094-C and 1095-C. Click Here We also have a condensed understandable version of important glossary terms in our Integrity Data ACA Compliance User Guide, Part 7, Page 144. Click Here Questions / Resources If you have questions or [...]
KB13-051Businesses that are self-insured must report a Social Security Number for every covered dependent they identify under Part III of IRS Form 1095-C. Clarity that a SSN is required – and that a birth date is not an optional equivalent – came in a tucked-away paragraph of a recent IRS notice.See the following Integrity-Data blog [...]
KB14-037 See the VOID checkbox on the IRS Form 1095-C? We do too and have no idea what that does. There is absolutely no guidance on its use for electronic filing. The IRS’s 2016 Instructions and 2016 Draft Instructions for completing 1094-C and 1095-Cs only discuss the CORRECTED box with a brief statement not to [...]
KB13-050If a company reasonably expects a new hire to work, on average, at least 30 hours of service a week they must classify them as being a full-time employee from their start date. For the purpose of the ACA, 130 hours of service in one month equals 30 hours per week. The company must offer [...]
How many times do I need to offer coverage when the employee declines? Monthly Measurement? Lookback Measurement?
KB13-049Q: We are on the monthly measurement method. A variable hour employee worked 130 hours in a month, we offered them coverage and they declined. Going forward, do we have to offer them coverage each time they work 130 hours in a month?A: No, an employer is credited with having made an offer of coverage [...]