ACA Filing: Filing Late vs. Intentionally Disregarding ACA Reporting
Updated September 15, 2020
While the Trump administration continues to push to dismantle the Affordable Care Act (ACA), they haven’t made much progress. The IRS has imposed many penalties since the ACA has been in place. So when your CEO asks if your business really needs to comply with ACA compliance…the answer is YES!
Getting fines for non-compliance is obvious, but even when you do comply there can be penalties. The costs for late ACA filing and intentionally disregarding ACA obligations is enough to cause major harm when the IRS issues reporting penalties.