1095-C

12 12, 2017

ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?

2017-12-12T11:07:20+00:00 December 12th, 2017|ACA Tracking, Reporting Compliance|0 Comments

The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, address penalties associated with the 2015 filing year for forms provided to the IRS in 2016. It is important to provide a timely response to this IRS letter. Here are some tips to ensure [...]

28 11, 2017

ACA Filing: The Big Difference Between Filing Late and Intentionally Disregarding ACA Reporting

2017-11-28T15:25:51+00:00 November 28th, 2017|ACA Tracking, Reporting Compliance|0 Comments

While the current administration continues to push to dismantle the Affordable Care Act (ACA), they haven’t made much progress. The IRS hasn’t imposed any non-compliance penalties over the course of these last two years ACA has been in place either. So, that begs the question, should businesses even give ACA compliance a second thought? Besides [...]

12 11, 2017

Have you received an ACA “love letter” from the IRS?

2017-11-21T14:39:57+00:00 November 12th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Content updated on November 11, 2017 *We recommend opening the linked forms in Internet Explorer for proper viewing. As stated back in April of this year, the IRS will begin enforcement of the Affordable Care Act (ACA) any day now. They have now published a draft of the soon to be sent Employer Shared Responsibility [...]

25 10, 2017

Employers hoping for a filing extension for 1095-C’s likely to be disappointed

2017-10-25T09:40:33+00:00 October 25th, 2017|ACA Tracking, Reporting Compliance|0 Comments

In a recent statement from the IRS, it is clear that they have stepped up enforcement of Affordable Care Act regulations. The recent statement reverses a prior practice of accepting individual tax returns which omitted information related to health insurance coverage on line 61 of tax form 1040. For 2017 tax forms, this information will [...]

27 04, 2017

Affordable Care Act (ACA) Repeal and Replace Efforts – Where are we at? What are Employers to do?

2017-04-27T08:40:31+00:00 April 27th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Efforts to repeal and replace the Affordable Care Act (ACA) – also known as Obamacare - have created quite a few shake-ups and discussions these past few months, culminating in the first “real” replacement legislation, named the American Health Care Act (AHCA), being pulled after Republicans were unable to agree on the details. So, for [...]

1 03, 2017

What Does the ACA Executive Order Mean for Businesses Today?

2017-03-01T14:07:47+00:00 March 1st, 2017|ACA Tracking, Reporting Compliance|0 Comments

The intent has been made clear that President Trump intends to repeal and replace the Affordable Care Act (ACA). The Executive Order signed in late January indicates that changes are coming, although it’s still unclear what those changes will mean for business in the future. What is clear is that ACA has not been repealed [...]

27 02, 2017

Does the good-faith effort reprieve from penalties apply to forms for 2016 filed in 2017?

2017-02-28T09:26:51+00:00 February 27th, 2017|ACA Tracking, Reporting Compliance|0 Comments

As employers continue to work through the challenges of complying with the Affordable Care Act, professionals in the industry are reticent to accept anything less than perfection when dealing with IRS regulations. Why? To alleviate any concern about potential penalties due to non-compliance down the road. In Notice 2016-70 dated December 5, 2016, the IRS [...]

7 02, 2017

HealthBack Strengthens ACA Compliance Efforts With Technology

2017-02-07T08:59:48+00:00 February 7th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Specialized staff at HealthBack provide personalized home health services to homebound patients in four states, operating out of 36 branch locations. Nearly 800 employees work across multiple branches and each may work part or full time, hourly or salary, temporary or on call—which creates complications for payroll and Affordable Care Act (ACA) reporting. While it [...]

27 01, 2017

Are ACA forms still required for 2016 reporting? Executive Order Video

2017-01-27T13:57:39+00:00 January 27th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Hi, I’m Patrick Doolin, CEO of Integrity Data. There is a lot of speculation and many opinions out there on what will happen with the Affordable Care Act under the Trump Administration. And, we as employers are faced with decisions of what we’re supposed to do yet this filing season. The executive order that [...]

24 01, 2017

Employer ACA Penalties Could Reach $31 Billion

2017-01-24T09:02:30+00:00 January 24th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Eligible employers may soon face expensive penalties for Affordable Care Act (ACA) noncompliance. Research indicates ACA penalties are going to hurt during the upcoming 2016 tax reporting period. Accenture researchers revealed penalties could be attributed to employers that are “unintentionally non-compliant,” meaning they offer health coverage, but fail to meet IRS reporting requirements. Don’t get [...]