With now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any …
ACA Compliance
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ACA ComplianceACA Reporting
Thought That ACA Reporting for 2015 Was a Free Pass? Think Again.
by Robert Sheenby Robert SheenWith now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any …
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ACA ComplianceAffordable Care Act
Life After The Proposed AHCA: An Employer’s Tip Sheet
by Robert Sheenby Robert SheenGoodbye AHCA, hello ACA. Again. While President Trump’s attempt to repeal and replace the Affordable Care Act (ACA) with the American Health Care Act (AHCA) has left many Americans relieved …
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ACA AuditACA Compliance
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties
by Robert Sheenby Robert SheenOp-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
by Robert Sheenby Robert SheenThe 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 ComplianceHealth Care Coverage
Uber Decision in Florida and The Gig Economy
by Robert Sheenby Robert SheenIn a recent decision within the Florida courts, Uber was victorious in a misclassification case that left Uber drivers classified as independent contractors and not employees. It speaks to the …
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ACA ComplianceIRS
The IRS Audit Process Will Force Employers to Prove Their Case or Face Penalties
by Robert Sheenby Robert SheenPost election, in December of 2016, the Internal Revenue Service (IRS) began to issue out notices to employers who may have failed to comply with the ACA. These notices appear …
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ACA ComplianceReporting
ACA Reporting And The IRS: What To Know About The Letter You Received
by Robert Sheenby Robert SheenAt the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Affordable Care Act (ACA) audit process. Despite much talk of an ACA …
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ACA ComplianceIRS
Understanding Anti-Discrimination: The IRS Issues Final Rule
by Robert Sheenby Robert SheenIn the final rule from the Department of Health and Human Services (HHS) on Section 1557 of the Affordable Care Act, which prohibits discrimination on the basis of race, color, …
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ACA ComplianceAffordable Care ActHealth Care Coverage
Trump’s Executive Order on the ACA and Future Compliance Obligations
by Robert Sheenby Robert SheenOn his first day in office, Trump signed one of his first executive orders, entitled “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal.” The …
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ACA ComplianceAffordable Care ActReporting
The Reality Of ACA Penalties Post-Repeal
by Robert Sheenby Robert SheenAs Donald J. Trump officially takes his seat as the 45th President of the United States, we inch closer to the reality of an Affordable Care Act repeal. While the …
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ACA ComplianceReporting
Some ACA Compliance Still Required By Employers Despite Possible Repeal
by Robert Sheenby Robert SheenAs conflicting opinions of an ACA Repeal continue to loom overhead, from the Republican viewpoint, a repeal seems inevitable. However, this does not translate to an elimination of ACA compliance …
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ACA ComplianceHealth Care Coverage
Understanding ACA Compliance And Utilizing Staffing Firms
by Robert Sheenby Robert SheenBy now it should come as no surprise that maintaining ACA compliance is a confusing and at times difficult task. We know the basics: Applicable Large Employers (ALEs) with 50 …
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ACA ComplianceReporting
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties
by Robert Sheenby Robert SheenA round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine …
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ACA Compliance
Regardless of Election & Rhetoric, Employers Are Still on the Hook for 2016 ACA Reporting
by Robert Sheenby Robert SheenIt remains unclear whether Trump and the Republican-majority Congress will repeal and replace the ACA. Shortly after loudly pledging that he will repeal and replace the ACA, just three days …
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ACA ComplianceEqual Employment Opportunity Commission (EEOC)
What Will Happen Next With The Gig Economy?
by Robert Sheenby Robert SheenIndependent contractors have gone from side help for employers to the backbone of many companies. The “gig” economy as it’s now called, includes any of said contractors who work within …
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ACA CompliancePenaltiesReporting
ACA’s 2016 Penalties Are Estimated to Near $31 Billion
by Robert Sheenby Robert SheenOver the course of 2016, the ACA Times has reported on ways for employers to comply with mandates of the Affordable Care Act in an effort to avoid paying large …
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ACA Compliance
ACA Reporting Extension & Good Faith Relief From Penalties
by Robert Sheenby Robert Sheen2017 is just around the corner, and there’s news from the IRS on important changes. The IRS’s Notice 2016-70, arriving in IRB 2016-49 dated December 5, 2016, highlights some of …
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ACA ComplianceOccupational Safety and Health Administration (OSHA)Regulations
ACA Retaliation Claims: The Final Verdict Comes From OSHA
by Robert Sheenby Robert SheenUnder the Affordable Care Act, employees unable to afford the minimum essential coverage from employers are possibly eligible for Premium Tax Credits from the Health Insurance Marketplace to assist in …
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2016 Presidential ElectionACA ComplianceReporting
With Trump Election Employers Still on Hook for 2016 ACA Reporting
by Robert Sheenby Robert SheenWith the stunning election of Donald Trump as President comes a serious question of what happens to the Employer Mandate under the Affordable Care Act (ACA), also known as “Obamacare.” …
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ACA ComplianceForm 1094-CForm 1095-C
New Instructions For Forms 1094-C and 1095-C: An Infographic
by Robert Sheenby Robert SheenAs the IRS released the final forms for 2016 Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 2016 Form 1095-C (Employer-Provided Health Insurance Offer and …
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ACA CompliancePenalties
ACA Employer Mandate Penalties Over The Next Ten Years Projects Billions
by Robert Sheenby Robert SheenACA, compliance is serious business. Failure to comply with the requirements and deadlines set forth by the Affordable Care Act can lead to big penalties. These penalties are so big, …
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ACA ComplianceHealth Insurance Marketplace
It’s A Brand New Day For Marketplace Notices And Appeals
by Robert Sheenby Robert SheenOver the course of the year, many employers participated in a widespread panic over notices mailed to them from the ACA’s Health Insurance Marketplace. These notices summarized that an employee …
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ACA Compliance
More Tips On Avoiding Penalties During ACA Information Reporting
by Robert Sheenby Robert SheenEmployers have lost a significant margin of error when it comes to ACA information reporting in 2016. As previously discussed, as the good faith standard for incomplete or inaccurate reporting …
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ACA ComplianceAffordable Care Act
Guess Which State Is Taking A Step Toward Correcting Employee Misclassifications?
by Robert Sheenby Robert SheenSince 2015, the topic of employee misclassification has been a hot one. Thank companies like Dave & Busters—who came under fire for allegedly doctoring hours to fall below the ACA’s …
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ACA ComplianceAffordable Care ActTax Filings
Don’t Make 2015’s Mistakes In 2016
by Robert Sheenby Robert SheenThe June 30, 2016 deadline for employers to file their applicable 2015 health care tax return with theIRShas passed.For many employers, the damage is done.Skipped deadlines, misclassifications, and ignoring of …
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ACA ComplianceHealth Care Coverage
Employers: Keep Your ACA Compliance, Even In Your Health Plan Language
by Robert Sheenby Robert SheenWhile employers have been urged to maintain ACA compliance when it comes to reporting the health care information of its employees, there’s more to it. The Employee Retirement Income Security …
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ACA ComplianceAffordable Care ActHealth Insurance Marketplace
Study Reveals The Health Insurance Marketplace Doesn’t Have The Highest Premiums
by Robert Sheenby Robert SheenThink the Health Insurance Marketplace has the highest premiums? Think again. A report by the Commonwealth Fund reveals that the ACA’s Health Insurance Marketplace is not the most expensive place …
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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 ComplianceTIGTA
Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In
by Robert Sheenby Robert SheenThe Treasury Inspector General for Tax Administration (TIGTA) released a report highlighting security and testing risks when determining ACA compliance through the IRS’s ACA Compliance Validation System (ACV). Considering the …
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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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ACA ComplianceAffordable Care ActLawsuits
Valve is being sued. Will there be any Steam left after this lawsuit?
by Robert Sheenby Robert SheenLast year, Uber became entangled in multiple employee misclassification lawsuits. These primarily involved individual incidents where contracted drivers exceeded the hourly threshold to be deemed “full-time” under the Affordable Care …
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ACA ComplianceAffordable Care ActPenalties
ACA Penalties To Hit $228 Billion
by Robert Sheenby Robert Sheen2015 marked the first year where the Affordable Care Act was arguably set into clear motion, as new policies and mandates from employer to employee and covering others were just …
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ACA ComplianceAffordable Care Act
The DO’s and DON’Ts Of ACA Compliance
by Robert Sheenby Robert SheenThe Affordable Care Act (ACA) has undoubtedly affected most companies and their move toward organization to address the ACA. Although more businesses may become familiar to the mandates proposed by …
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ACA ComplianceAffordable Care Act
Employer Shared Responsibility Payment Checklist
by Robert Sheenby Robert SheenThe Affordable Care Act was implemented as a move to provide widespread health care coverage to all Americans. Under this law, Applicable Large Employers (ALE) must offer health coverage to …
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ACA ComplianceAffordable Care ActHealth Care CoverageLawsuits
Cutting Hours To Avoid Health Care Coverage brings Dave & Buster’s Under Legal Scrutiny
by Robert Sheenby Robert SheenA class action lawsuit has been filed outside of federal courts in New York against restaurant and gaming chain Dave & Buster’s. The reason? Cutting employees’ hours to duck mandatory …
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ACA ComplianceHealth Care Coverage
New Barometer: Health Network Size for Insurance Ratings
by Robert Sheenby Robert Sheen2016 has thus far posed some significant changes in both the attitudes of citizens toward health care coverage and those required to provide it. However, looking ahead toward 2017, the …
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ACA ComplianceAffordable Care Act
INFOGRAPHIC: 2016 ACA Compliance & Reporting Timeline
by Robert Sheenby Robert SheenThe ACA Compliance Reporting is filled with complexities, with dates, forms, and processes to follow with the utmost diligence. Trusaic has created an infographic conveying deadlines and requirements to help …
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Key ACA Compliance Failures: Are they happening to you or your clients? by JT Kim, Guest Columnist ACA Compliance Exper Trusaic ACA Compliance Expert Back over a year ago when …
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ACA ComplianceACA ReformAffordable Care ActPenalties
ACA Penalties: We Built an Ark Because the Flood is Coming
by Robert Sheenby Robert SheenBy JT Kim, Guest Columnist ACA Compliance Expert Trusaic After spending countless hours in talks with our broker partners and prospective clients about ACA compliance and having done tons of …
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Your 2015 tax documents will include a 1095 form (A, B, and/or C) detailing your health coverage for the year. Form 1095-B is used to report health care coverage for …
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ACA ComplianceAffordable Care Act
ACA Reporting: Extensions & Deadlines
by Robert Sheenby Robert SheenFor many employers, this will be the first year of reporting health coverage to the IRS for its employees. Under the Affordable Care Act, applicable large employers (ALE) with 50 …
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The IRS has issued a detailed explanation for taxpayers of Form 1095-B, as part of its series of tutorials on the forms that provide information about the information forms related …
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Individuals may receive forms in the next few months which provide information about health care coverage they were offered during 2015. The forms are for use by these individuals when …
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ACA ComplianceAffordable Care ActApplicable Large Employer (ALE)
Why the Number of Employees Matters
by Robert Sheenby Robert SheenEmployer benefits, opportunities and requirements under the Affordable Care Act are all dependent upon the employer’s workforce size, the IRS points out. Generally, an employer with 50 or more full-time …
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ACA ComplianceAffordable Care ActApplicable Large Employer (ALE)Health Care CoverageMinimum Essential Coverage
How To Know If Coverage Meets ACA Requirements
by Robert Sheenby Robert SheenUnder the Affordable Care Act, employers with 50 or more full-time or full-time equivalent employees – called applicable large employers, or ALEs – are subject to the employer shared responsibility …