back to homepage
Penalties
ACA’s 2016 Penalties Are Estimated to Near $31 Billion
Over 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 Read More
ACA Employer Mandate Penalties Over The Next Ten Years Projects Billions
ACA, 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, Read More
Potential ACA Penalties: An Infographic
Are you aware of the myriad of possible unnecessary penalties that can occur with violations of the Affordable Care Act? By now you’ve been informed of various possibilities, but they Read More
ACA Penalties For Missing Information? Maybe Not, If You Act Responsibly
At the close of July, the IRS issued proposed regulations around the filing of forms 1094 and 1095. Under IRC 6055, certain large employers must file information returns 1094 and Read More
ACA Late Filing: A Penalties Chart
Employers were given a gift of sorts from the IRS and the ACA when extensions for paper filings were extended to 5/31/16 and electronic filings were extended to 6/30/16. Perhaps Read More
Heads Up About Code 4980H
One of the most talked about issues regarding employers and health care for their employees is under Internal Revenue Code 4980H. This Code, being Shared Responsibility for Employers Regarding Health Read More
CBO 10-Year Penalty Predictions Escalate, Now Over 225 Billion
Penalties are no joking matter when it comes to employers and the Affordable Care Act. A slip up in paperwork, negligence in reporting, or not offering minimum essential coverage to Read More
ACA Modifications: We’re Not In 2010 Anymore
When the Affordable Care Act (ACA) was first enacted in 2010, it was with the understanding that changes would be made to the ACA after the fact. Health care reform Read More
It’s Deadline Day! File Your ACA Forms or Face A Penalty
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
Demystifying “Good Faith” And “Reasonable Cause”
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
To Audit Or Not To Audit: How An ACA Audit Can Save Your Company’s Pockets
It 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 Read More
The 5W’s Of Employer Notices: Don’t Be Penalized
It’s notice season! As an employer, you may have received a letter regarding the health care coverage of one or more of your employees. Could this notice lead to penalties Read More
ACA Penalties To Hit $228 Billion
2015 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 Read More
2016 Employer Mandate Penalties: Do You Have To Pay?
As an applicable large employer (ALE) with at least 50 full-time and full-time equivalent employees, the Affordable Care Act requires employers to offer health coverage to their employees. If they Read More
ACA Penalties: We Built an Ark Because the Flood is Coming
By JT Kim, Guest Columnist ACA Compliance Expert First Capitol Consulting After spending countless hours in talks with our broker partners and prospective clients about ACA compliance and having done Read More
