Penalties

Over the last few years, pocket neighborhoods of Spanish speaking individuals have produced significant language barriers when it comes to the Affordable Care Act (ACA). Many whose primary language is…

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…

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,…

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…

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…

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…

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…

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…

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…

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.…

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…

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…

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…

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…

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…

By 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…

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…