PCORI Fee Deadline is Coming up on July 31

PCORI Fee Deadline is Coming up on July 31

Jun 19 For those employers with self-insured plans, the annual filing and fee payments deadline is coming up on the Patient-Centered Outcomes Research Institute (PCORI) fee on July 31. IRS Form 720, Read More
IRS Tax Documents Assist Decision In Classification Case

IRS Tax Documents Assist Decision In Classification Case

May 2 With misclassification suits becoming more and more frequent, the latest case suggests that tax returns might be subject to mandatory disclosure in resolving classification issues. In a recent case, Mescalero Read More
What To Do When An IRS Letter Lands In Your Mailbox

What To Do When An IRS Letter Lands In Your Mailbox

Apr 25 The dreaded IRS letter. It can mean anything or nothing at all. As tax season for the 2016 tax year is coming to an end for most, so begins the Read More
As IRS Section 1332 Support Continues, Can States Reform Healthcare On Their Own?

As IRS Section 1332 Support Continues, Can States Reform Healthcare On Their Own?

Apr 3 Now that the vote on the American Healthcare Act has been withdrawn, and its return highly unlikely, it would appear that the Affordable Care Act will continue to be the Read More
The IRS Audit Process Will Force Employers to Prove Their Case or Face Penalties

The IRS Audit Process Will Force Employers to Prove Their Case or Face Penalties

Feb 13 Post 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 Read More
IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

Feb 1 The IRS recently published Notice 2017-9 announcing its intent to issue regulations regarding the obligation of a payor (e.g., employer) to document payee (e.g., employee) elections for application of the Read More
IRS Commissioner Reports On ACA Stats For 2015

IRS Commissioner Reports On ACA Stats For 2015

Jan 26 While we are getting our information in order for the 2016 tax year, we received some clarity on the previous year from the IRS. The IRS’s Commissioner John Koskinen has Read More
Understanding Anti-Discrimination: The IRS Issues Final Rule

Understanding Anti-Discrimination: The IRS Issues Final Rule

Jan 25 In 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, Read More
IRS Finalizes Regulations Adopt Intentional or Reckless Disregard of Facts Exceptions to Employee Safe Harbor

IRS Finalizes Regulations Adopt Intentional or Reckless Disregard of Facts Exceptions to Employee Safe Harbor

Jan 12 The IRS has provided clarity with regard to what qualifies as an “intentional or reckless disregard of facts” by employees when it comes to seeking shelter under the employee Premium Read More
IRS Quick Update: Notice 2016-75

IRS Quick Update: Notice 2016-75

Jan 11 In a short update to Notice 2016-75 under Section 45R of theInternal Revenue Code, the IRS has shed some light on how small businesses can seek relief in unique circumstances. Read More
The IRS’s Cost-of-Living Adjustments: An Infographic

The IRS’s Cost-of-Living Adjustments: An Infographic

Dec 28 The 2016 calendar year is closing out, and with it comes a variety of healthcare care related fee adjustments happening for 2017. The ACA Times has revealed the amounts we Read More
IRS Releases New ACA Adjusted Fees For 2017

IRS Releases New ACA Adjusted Fees For 2017

Dec 22 The IRS has released its adjusted figures for certain fees coming into the new year. The Patient-Centered Outcomes Research Institute (PCORI) fee being one of them. The fee was started Read More
Temporary Nondiscrimination Relief Gets Another Year Extension By IRS

Temporary Nondiscrimination Relief Gets Another Year Extension By IRS

Oct 27 As Closed Defined Benefit Plans are still being worked out rules-wise, the IRS has provided an extension to an important aspect of qualified plans. In a notice released toward the Read More
How To Deal With An IRS Incorrect TIN Notification: The DO’s And DON’Ts

How To Deal With An IRS Incorrect TIN Notification: The DO’s And DON’Ts

Oct 19 When it comes to employee TINs, some errors seem inevitable, but they don’t always mean what they seem. As an Applicable Large Employer (ALE), it is your duty in accordance Read More
The IRS Can’t Phone Home

The IRS Can’t Phone Home

Jul 5 For those thinking that the IRS may come a’calling, that won’t be happening anymore…at least when it comes to initial contact. In a memo dated May 20, 2016, phone calls Read More
It’s Deadline Day! File Your ACA Forms or Face A Penalty

It’s Deadline Day! File Your ACA Forms or Face A Penalty

Jun 30 We’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. Read More
Quick Update: Understanding Revenue Procedure 2016-24

Quick Update: Understanding Revenue Procedure 2016-24

May 2 In the April 18th edition of the Internal Revenue Bulletin, you will find “Revenue Procedure 2016-24,” a term that applies directly to annual health care percentage modifications under the Affordable Read More
You’ve Received a 12C Letter: Now What?

You’ve Received a 12C Letter: Now What?

Apr 29 The 2015 tax year brought much added paperwork in the way of forms and letters for the everyday taxpayer. For most, this is the first year that they’re receiving some Read More
5 Reasons Why ACA Reporting is So Difficult for Employers This Year

5 Reasons Why ACA Reporting is So Difficult for Employers This Year

Apr 18 For many employers, this is their first year reporting employee health care coverage as part of the Affordable Care Act. Required employers include those that are ALEs,or Applicable Large Employers Read More
Tools for Estimating ACA Credits and Fees

Tools for Estimating ACA Credits and Fees

Jan 15 The IRS has developed tools for individuals and employers to estimate their credits and payments related to the Affordable Care Act . The tools, available online, provide only an estimate Read More
Reporting Deadlines Extended

Reporting Deadlines Extended

Dec 29 The IRS has extended by almost two months the due date for providing employees with Affordable Care Act information forms, and provided an extra three months for filing the required Read More
About The New ACA Information Statements

About The New ACA Information Statements

Dec 24 Recognizing that many individuals will receive new ACA information statements for the first time in 2016, the IRS issued a memo aimed at helping consumers understand the documents. The explanation Read More
Guidance on the Health Coverage Tax Credit

Guidance on the Health Coverage Tax Credit

Dec 23 The IRS has issued Notice 2016-02 to provide information regarding the health coverage tax credit, or HCTC. The 14-page notice explains who can claim the HCTC, the amount of the Read More
“Pay or Play” Penalties For 2015 and 2016

“Pay or Play” Penalties For 2015 and 2016

Dec 22 The IRS has announced the 2015 and 2016 “pay or play” penalties, adjusted for inflation, that may be imposed on employers who fail to comply with the Affordable Care Act’s Read More
ACA Assurance Testing System Opens Soon

ACA Assurance Testing System Opens Soon

Oct 21 Tax Year 2015 ACA Assurance Testing System (AATS) will open for testing in early November for Information Returns that will be processed in 2016, the IRS announced. The testing is Read More
Nine Facts about IRS Letters

Nine Facts about IRS Letters

Sep 17 The IRS sent letters this summer to some taxpayers who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid Read More
IRS Alerts Employers on Required Reports

IRS Alerts Employers on Required Reports

Jul 27 The Internal Revenue Service (IRS) issued a reminder that all employers that provide self-insured health coverage, must file an annual return reporting certain information for each employee they cover. If Read More
IRS Offers ACA Webinars for Employers and Insurers

IRS Offers ACA Webinars for Employers and Insurers

Jul 20 The Internal Revenue Service is offering a series of three webinars designed to help employers and insurance providers understand provisions of the Affordable Care Act. The webinars will be held Read More

ACA Triggering Merger Talks Among Insurers

Jun 25 The changes to America’s health care delivery system introduced by the Affordable Care Act are causing some of the nation’s largest health insurance companies to explore merger talks with competitors. Read More
IRS Explains Definition of ‘Large Employer’

IRS Explains Definition of ‘Large Employer’

May 21 The IRS has issued an explanation of how companies can determine if they are an ”applicable large employer” or ALE, and how that affects their obligations under the Affordable Care Read More

RAND Study Supports Use of Individual Mandates

Mar 30 RAND Corp. analysts who looked at the likely effects of eliminating the Affordable Care Act’s individual mandate determined that the likely result would be an increase in premiums and a Read More