New Individual Mandate Regulations: What You Need to Know

New Individual Mandate Regulations: What You Need to Know

December 30, 2020 3 minute read: The California Franchise Tax Board (FTB) just published Final Regulations on the Individual Shared Responsibility Penalty. The California Individual Mandate, in effect since January 1, 2020, will Read More
Minimize Penalties with ACA Best Practices for the Holiday Season

Minimize Penalties with ACA Best Practices for the Holiday Season

December 28, 2020 3 minute read: With the New Year around the corner, employers should begin preparing their ACA Forms 1094-C and 1095-C if they haven’t already begun to do so. Each year, Read More
The Annual ACA PCORI Fees are Increasing in 2021

The Annual ACA PCORI Fees are Increasing in 2021

December 17, 2020 2 minute read: The IRS has released the PCORI fee for plans that end on or after October 1, 2020 and before October 1, 2021.  For plans that end on Read More
ACA Penalties Among IRS’s Critical Activities

ACA Penalties Among IRS’s Critical Activities

December 14, 2020 3 minute read: On December 1, the IRS announced updates to the services it will be processing as a part of its mission-critical functions. Among the processes are ACA employer Read More
The Most Commonly Asked ACA Reporting Questions, Answered

The Most Commonly Asked ACA Reporting Questions, Answered

December 9, 2020 3 minute read: With less than 30 days left in 2020, employers should begin to prepare their ACA filings with the IRS. Despite ACA reporting having been required for the Read More
Good-Faith No Longer Good Enough to Avoid IRS Penalties

Good-Faith No Longer Good Enough to Avoid IRS Penalties

December 7, 2020 2 minute read: IRS Notice 2020-76 provided for a 30-day extension for the furnishing deadline of IRS Forms 1095-C and extended “Good-Faith Relief” from penalties under IRC Sections 6721 and Read More
Meet These 2021 IRS Deadlines to Avoid ACA Penalties

Meet These 2021 IRS Deadlines to Avoid ACA Penalties

December 3, 2020 2 minute read: Every year Applicable Large Employers (ALEs) must file and furnish their ACA information to the IRS and their employees, respectively. Failing to do so can result in Read More
IRS Issues Final 2020 ACA Forms 1094-C,1095-C, and Reporting Instructions

IRS Issues Final 2020 ACA Forms 1094-C,1095-C, and Reporting Instructions

December 1, 2020 2 minute read: The IRS has released the final versions of the ACA reporting Forms 1094-C and 1095-C, in addition to the reporting instructions for the 2020 tax year, to Read More