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 [...]
Updated 10/23/2023 Repair, replace, rescind or reconcile, whatever your view of the ACA, at present it is still in force and must be complied with. This is Part 2 of a 2-part article: Part 1 discussed the who, when and how of compliance. Part 2 will discuss the penalties associated with failure to comply. This [...]
Updated January 11, 2023 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 tax reporting, this [...]
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 [...]
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. It has been commonplace for these forms to be released late in the 4th quarter [...]
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 [...]
A new partnership between the Benefit Advisors Network (BAN) and Integrity Data, a leader in Affordable Care Act (ACA) compliance solutions, will support BAN member firms by delivering the insight and reporting mechanisms needed to manage changing regulatory obligations for employers under the ACA. The current healthcare environment is in the midst of disruption. Changes [...]
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. [...]
Content Updated January 11, 2023 All the activity around ACA repeal/replace and the Texas ruling, has created a lot of confusion for employers. The net outcome of this has been…nothing. The ACA - including the employer mandate – stands. Before starting on your ACA filing, it is always good to recap what the penalties [...]
Content Updated 10/23/2023 All the recent activity around ACA repeal/replace, and the Texas ruling, has created a lot of confusion for employers. The net outcome of this has been…nothing. The ACA - including the employer mandate – stands. It's never too early to recap what the employer mandate is and who needs to abide [...]