Is the IRS really going to enforce these penalties?
The answer is, yes. The IRS was audited by the Treasury Inspector regarding the ACA Compliance Verification system that was put in place. Recommendations were adopted and the IRS is moving forward.
- In a series of information letters, the IRS has clearly indicated that it won’t waive employer mandate penalties under the ACA.
- Employers who have failed to file necessary forms with the IRS are already receiving letters.
- The IRS has been sending out penalty letters for 2015.