1095C

24 07, 2018

How to avoid a love letter from the IRS: a 226-J Preventative Checklist

2018-07-24T11:16:07+00:00July 24th, 2018|ACA Tracking, Reporting Compliance, Payroll and HR Software|0 Comments

As many of you know, the IRS has started sending out Letter 226-J notices. Many employers are now trying to figure out what triggered the IRS to send the notice. Many of them are also trying to figure out if there was anything they could have done differently to avoid receipt of Letter 226-J. Here [...]

12 12, 2017

ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?

2017-12-12T11:07:20+00:00December 12th, 2017|ACA Tracking, Reporting Compliance|0 Comments

The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, address penalties associated with the 2015 filing year for forms provided to the IRS in 2016. It is important to provide a timely response to this IRS letter. Here are some tips to ensure [...]

12 11, 2017

Have you received an ACA “love letter” from the IRS?

2017-11-21T14:39:57+00:00November 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

2018-10-10T14:49:22+00:00November 5th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Updated October 10, 2018 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 2018 tax reporting, this [...]

25 10, 2017

Employers hoping for a filing extension for 1095-Cs likely to be disappointed

2018-01-09T14:26:54+00:00October 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?

2018-10-02T15:15:12+00:00October 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-C and 1095-C series forms (e.g. 1094-C [...]

19 09, 2017

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

2017-09-19T17:59:09+00:00September 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. [...]