The Internal Revenue Service (IRS) has intensified its enforcement of the Affordable Care Act’s (ACA) Employer Mandate, signaling a shift in its approach toward suspected non-compliance. Recent reports indicate that…
ACA Audit
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ACA AuditAffordable Care ActIRS 226J/226-J
More Suggestions on Responding to IRS Letter 226J [UPDATE]
by Robert Sheenby Robert Sheen3 minute read: The IRS has issued more than $4.5 billion in penalties to employers that failed to comply with the Affordable Care Act’s Employer Mandate for the 2015 tax…
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ACA AuditACA Compliance
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties
Op-Ed Updated Published on March 16, 2017 on ‘Accounting Today’ A few weeks after the national election, the Internal Revenue Service (IRS) began to issue notices to employers who may…
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ACA AuditACA ComplianceAffordable Care ActHealth Care CoverageReporting
The ACA Exchange Appeals Process
The Exchanges in the Health Insurance Marketplace have been issuing out notices to employers. Each such Notice indicates to the employer that it may be subject to penalties for failing…
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ACA AuditACA ComplianceAffordable Care ActIRSPenalties
It’s Deadline Day! File Your ACA Forms or Face A Penalty
by Robert Sheenby Robert SheenWe’ve finally reached this point. Today (June 30) marks that day that all Applicable Large Employers (ALEs) with 50 or more full-time equivalents must electronically file forms 1094-C and 1095-C.…
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ACA AuditACA CompliancePenalties
To Audit Or Not To Audit: How An ACA Audit Can Save Your Company’s Pockets
by Robert Sheenby Robert SheenIt feels like the year of penalties for employers this tax season, primarily those classified by the ACA for an Applicable Large Employer (50+ full-time equivalents). This is due largely…
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The nation’s individual insurance market grew 46% to 15.5 million people in the first year that plans could be purchased through Affordable Care Act marketplaces, according to a study by…
