penalties

15 08, 2017

IRS will not waive penalties for employer mandate under ACA

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 [...]

21 04, 2017

ACA Penalties Are Coming

April 21st, 2017|ACA Tracking, Reporting Compliance|0 Comments

The political climate what it is, many employers have been holding out hope for penalty relief for not offering coverage, not offering affordable coverage and for not filing the necessary ACA forms with the IRS. The most recent legislation that was pulled for consideration in the House of Representatives would have provided relief to employers [...]

24 03, 2017

Are Employer Reporting Requirements Going Away With Repeal & Replace?

March 24th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Many employers are hanging their hat on the employer reporting requirements (i.e. Form 1095-C) going away under the changes proposed by the Trump Administration. The current legislative proposal in the American Healthcare Act (AHCA) repeals the employer mandate to offer coverage. So under this proposal, the employer doesn't need to report information to the IRS [...]

27 02, 2017

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

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 [...]

15 11, 2016

Employers will NOT get a free pass on 2016 ACA Reporting

November 15th, 2016|ACA Tracking, Reporting Compliance|0 Comments

Content updated on November 16th. What a week! The election of Donald Trump as our next president has already raised some questions around what happens to the Affordable Care Act, specifically the Employer Mandate. Many have started speculating on what may happen. Suffice to say that the possibilities are endless [...]