Employer Mandate

28 12, 2017

IRS Extends 1095-C Reporting Deadline and Good Faith Transition Relief

2018-01-09T14:20:40+00:00 December 28th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Right before the holiday weekend, the IRS released Notice 2018-06: a nice last minute holiday gift for employers. Let’s break it down: The due date for providing Forms 1095-C to employees is extended 30 days to March 2, 2018 The ACA employer mandate – which remains as is despite the new tax law – requires [...]

26 12, 2017

Don’t let the new tax plan fool you: ACA employer mandate remains intact

2017-12-28T10:54:31+00:00 December 26th, 2017|ACA Tracking, Reporting Compliance|0 Comments

Despite the administration touting that the new Tax Cuts and Jobs Act “essentially” repeals the health law, this is not the case. Let’s separate fact from fiction: Employer Mandate stands Employer obligations remain unchanged. What is NOT going away as part of this new law: The ACA employer mandate (and the enforcement of that mandate): [...]

12 12, 2017

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

2017-12-12T11:07:20+00:00 December 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 [...]

25 10, 2017

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

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

2017-10-25T09:06:29+00:00 October 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 1094/5 series forms (e.g. 1094-C/1095-C) for tax year [...]

18 10, 2017

The Affordable Care Act – the repeal/replace saga continues

2017-10-19T09:00:00+00:00 October 18th, 2017|ACA Tracking, Reporting Compliance|0 Comments

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 [...]

5 09, 2017

The ACA Employer Mandate – a refresher PART 1

2017-09-05T19:57:59+00:00 September 5th, 2017|ACA Tracking, Reporting Compliance|0 Comments

All the recent activity around ACA repeal/ replace has created a lot of confusion for employers. The net outcome of this has been…nothing. The ACA - including the employer mandate – stands, at least for the foreseeable future and definitely for 2017. With 2017 tax reporting coming up, now is a good time to recap [...]

15 08, 2017

IRS will not waive penalties for employer mandate under ACA

2017-08-28T10:38:49+00:00 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 [...]