2 minute read: The new year is almost upon us and a number of states including California will have their statewide Individual Mandate take effect. Come January 1, 2020 employers …
November 2019
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Affordable Care Act
Letter 972CG Late Penalty Assessments are Becoming More Difficult to Repeal
by Robert Sheenby Robert Sheen2 minute read: Earlier this year, the IRS started issuing in Letter 972CG ACA penalties to employers who filed their annual ACA information past IRS deadlines established in IRC Section …
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Affordable Care Act
IRS Issues Draft 2019 ACA Forms 1094-C and 1095-C and Reporting Instructions
by Robert Sheenby Robert SheenThe IRS has released draft versions of Forms 1094-C and 1095-C, as well as the reporting instructions for the 2019 tax year, to be filed and furnished in 2020. You …
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3 minute read: In 2020, the affordability threshold will decrease. What that means is that employers will need to contribute more to their employee’s health coverage in order to fall …
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Affordable Care Act
D.C. Offers Employers Guidance on New ACA-Related Individual Mandate
by Robert Sheenby Robert Sheen2 minute read: The District of Columbia’s Office of Tax and Revenue (OTR) has issued new guidance on employer reporting requirements for the District’s Individual Taxpayer Health Insurance Responsibility Requirement …