As the saying goes, I have some good news and some bad news. For the good news, the IRS has extended good faith relief for information-reporting requirements for the Affordable …
December 2017
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Affordable Care ActIRS
IRS Extends 2018 ACA Deadline for Providing 1095-Cs to Employees
by Robert Sheenby Robert SheenThe IRS has extended the 2018 deadlines to provide 2017 health coverage information forms to individuals as required by Affordable Care Act (ACA). The information was included in a new …
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ACA ComplianceTax Reform
ACA Individual Mandate is Set to be Gone, but Desire for Health Insurance Remains
by Robert Sheenby Robert SheenAs part of tax reform legislation passed by Congress, the individual mandate provision in the ACA requiring every American citizen to obtain health insurance or pay an annual financial penalty …
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Affordable Care ActHealth Care Coverage
Some Americans Able to Sign Up for Insurance Under the ACA Past December 15 Deadline
by Robert Sheenby Robert SheenAs we wait for the latest statistics on the number of Americans who have signed up on government exchanges for healthcare insurance coverage for 2018, experts are predicting that the …
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The late Kenneth J. Arrow, Nobel-winning economist and one of the most brilliant minds of the 20th century, would be dismayed at action being taken by Republicans in Congress to …
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Affordable Care ActIRS
The IRS Issues Guidance on the ACA’s Individual Mandate While Congress Looks to Repeal It
by Robert Sheenby Robert SheenDuring 2017, the IRS has steadfastly avoided being swayed by the political breezes, even when they seemed to reach hurricane-level velocity. When President Trump and Republicans in Congress were readying …
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Affordable Care ActTax Reform
Tax Reform Bills Keep ACA Employer Mandate Intact
by Robert Sheenby Robert SheenThrowback Thursday Feature from Wednesday, December 6, 2017. When the U.S. House and Senate Republicans meet in conference to discuss how they will reconcile their two different tax reform legislations, among …
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The IRS has announced the penalty amounts for companies with 50 or more full-time or full-time equivalent employees that do not comply with the Affordable Care Act (ACA) for the …
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Affordable Care Act
Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]
by Robert Sheenby Robert SheenUpdated from original blog post on November 7, 2017. The ACA filing deadlines for the 2017 tax year are fast approaching. With the IRS sending penalty notices for ACA filings …
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Affordable Care ActIRS 226J/226-J
IRS Letter 226J Infographic Details Response Process [Updated]
by Robert Sheenby Robert SheenUpdated from original blog post on December 4, 2017. As more organizations start to prepare for the possibility of receiving a holiday greeting from the IRS in the form of …
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Affordable Care ActIRS 226J/226-J
IRS Provides Information on Responding to Letter 226J
by Robert Sheenby Robert SheenThe IRS has posted information on its website regarding Letter 226J, the initial letter issued to Applicable Large Employers (ALEs) – those organizations with 50 or more full-time or full-time …