New IRS Memo Sheds Light On AIR Updates for ACA Information Reports

New IRS Memo Sheds Light On AIR Updates for ACA Information Reports

Jul 24 The upcoming reporting year deadlines for Affordable Care Act information returns for the 2017 tax year are:  January 31, 2018: deadline to furnish 1095-C schedules  February 28, 2018: deadline to Read More
AIR Errors And Missing TINs: A Tip Sheet On Quick Fixes

AIR Errors And Missing TINs: A Tip Sheet On Quick Fixes

Oct 17 The electronic system for information reporting under the Affordable Care Act is not without its glitches. We know this by now, and in the midst of 2015 information reporting this Read More
Breathe A Sigh Of Relief: AIR Is Still Available

Breathe A Sigh Of Relief: AIR Is Still Available

Aug 9 Many employers have struggled with their health care information reporting for the 2015 tax year. Those difficulties include confusing forms, tedious reporting processes, and technological setbacks. While penalties are perhaps Read More
It’s Deadline Day! File Your Health Care Forms Or Face A Penalty

It’s Deadline Day! File Your Health Care Forms Or Face A Penalty

Jun 30 We’ve finally reached this point. Today (June 30). If you’re self-insuring your employees, then you must also file forms 1094-B and 1095-B. If filed incorrectly, penalties will follow. It’s a Read More
Demystifying “Good Faith” And “Reasonable Cause”

Demystifying “Good Faith” And “Reasonable Cause”

Jun 28 It was just a week ago that the IRS held their Affordable Care Act Information Returns Program (AIR) meeting, and with it came the annual publication (1586) highlighting several procedures Read More