ACA

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 [...]

5 11, 2017

Understanding the ACA Employer Mandate Part 1 (8/10)

2017-11-05T13:26:41+00:00 November 5th, 2017|ACA Tracking, Reporting Compliance|0 Comments

(Integrity Data 8 of 10) Repeal ACA, replace ACA, repair ACA or just leave it alone? While the lawmakers debate, employers are left with a lot of confusion. As of right now, the ACA, including the employer mandate, remains in place and all the compliance rules still apply. Nearing year-end and your 2017 tax reporting, [...]

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 [...]

24 10, 2017

When can I start filing forms 1095-C for my employees?

2017-10-25T09:06:29+00:00 October 24th, 2017|ACA Tracking, Reporting Compliance|0 Comments

UPDATED While this is a pretty straightforward question, the answer is not quite as simple. As a general rule, you can begin filing forms 1095-C once the IRS has released the final version of the form for the filing season. The IRS recently released final copies of the 1094/5 series forms (e.g. 1094-C/1095-C) for tax year [...]

18 10, 2017

The Affordable Care Act – the repeal/replace saga continues

2017-10-19T09:00:00+00:00 October 18th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Just when we thought the Affordable Care Act (ACA) repeal/replace effort was off the table for this year, two executive decisions that impact the ACA are made. It is important to note, however, that neither impact the employer mandate so our advice remains the same: stay the course for 2017 employer reporting. Two executive decisions [...]

19 09, 2017

2017 Draft Instructions for Forms 1094-C & 1095-C Released

2017-09-19T17:59:09+00:00 September 19th, 2017|ACA Tracking, Reporting Compliance|0 Comments

On September 7th, 2017, the IRS released a draft of the instructions for completing forms 1094-C and 1095-C used by employers to comply with the Affordable Care Act (ACA) reporting requirements to employees and the IRS. Individuals responsible for completing these forms will surely appreciate that there were very few changes identified for 2017 reporting. [...]

5 09, 2017

The ACA Employer Mandate – a refresher PART 1

2017-09-05T19:57:59+00:00 September 5th, 2017|ACA Tracking, Reporting Compliance|0 Comments

All the recent activity around ACA repeal/ replace has created a lot of confusion for employers. The net outcome of this has been…nothing. The ACA - including the employer mandate – stands, at least for the foreseeable future and definitely for 2017. With 2017 tax reporting coming up, now is a good time to recap [...]

15 08, 2017

IRS will not waive penalties for employer mandate under ACA

2017-08-28T10:38:49+00:00 August 15th, 2017|ACA Tracking, Reporting Compliance|0 Comments

In a series of information letters, the IRS has clearly indicated that it won’t waive employer mandate penalties under the Affordable Care Act. For example, in a letter from the IRS to House Representative Bill Huizenga dated April 14, 2017 related to a question from an applicable large employer, it was made clear that the [...]