PCORI Fee Deadline is Coming up on July 31

PCORI Fee Deadline is Coming up on July 31

June 19, 2017 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 Extends Transition Relief For QSE HRA Notice

IRS Extends Transition Relief For QSE HRA Notice

March 14, 2017 At the close of February, the IRSreleased a notice regarding qualified small employer health reimbursement arrangement (QSE HRA) notices and an extension until further guidance is provided. These notices are Read More
Employer Reporting Continues Under House Republican Leadership Proposed Bill

Employer Reporting Continues Under House Republican Leadership Proposed Bill

March 8, 2017 On March 6, 2017, the House Leadership recently unveiled its proposed bill called “American Health Care Act.”Among its provisions, the bill calls for termination of the issuance of premium tax Read More
The IRS Won’t Reject Returns Without Healthcare Reporting, But You May Be Penalized

The IRS Won’t Reject Returns Without Healthcare Reporting, But You May Be Penalized

March 2, 2017 As we settle into the heart of tax season, the IRS has some new updates regarding how healthcare is reported on tax returns. The Affordable Care Act mandates individuals to Read More
The ACA Exchange Appeals Process

The ACA Exchange Appeals Process

February 22, 2017 The 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 Read More
IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

February 1, 2017 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
ACA Reporting And The IRS: What To Know About The Letter You Received

ACA Reporting And The IRS: What To Know About The Letter You Received

January 30, 2017 At the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Read More
IRS Commissioner Reports On ACA Stats For 2015

IRS Commissioner Reports On ACA Stats For 2015

January 26, 2017 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
The Reality Of ACA Penalties Post-Repeal

The Reality Of ACA Penalties Post-Repeal

January 20, 2017 As 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 Read More
Some ACA Compliance Still Required By Employers Despite Possible Repeal

Some ACA Compliance Still Required By Employers Despite Possible Repeal

January 16, 2017 As 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 Read More
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

January 5, 2017 A 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 Read More
IRS Releases Proposed Regulations For Health Insurance Provider Fees

IRS Releases Proposed Regulations For Health Insurance Provider Fees

January 4, 2017 Section 9010 of the Affordable Care Act surrounds Health Insurance Provider Fees and the IRS has released some new proposed regulations for reporting information among other changes. See IRS REG-123829-16 Read More
Proposed Changes To Form 5500? Here Are Some More Per AICPA

Proposed Changes To Form 5500? Here Are Some More Per AICPA

December 7, 2016 Over the past year, Form 5500 has gone through changes and proposed modifications in an effort to streamline healthcare information reporting on the part of employers. The Department of Labor, Read More
ACA’s 2016 Penalties Are Estimated to Near $31 Billion

ACA’s 2016 Penalties Are Estimated to Near $31 Billion

November 22, 2016 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
A Vital Infographic For All ALEs

A Vital Infographic For All ALEs

November 16, 2016 The IRS has released a 7-point breakdown of pertinent information for Applicable Large Employers or “ALEs” in anticipation of the upcoming deadline for information reporting for the 2016 tax year. Read More
With Trump Election Employers Still on Hook for 2016 ACA Reporting

With Trump Election Employers Still on Hook for 2016 ACA Reporting

November 11, 2016 With 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.” Read More
Know Your Dates Or Face Penalties: An Infographic

Know Your Dates Or Face Penalties: An Infographic

November 10, 2016 We are nearing the end of the 2016 tax year, and with it comes the inevitable document filings come early 2017. As per the ACA, many key dates are mandated Read More
Updated Forms 1094-C And 1095-C Are Here

Updated Forms 1094-C And 1095-C Are Here

October 24, 2016 The IRS has released the final updated Forms 1094-C and 1095-C,and while there aren’t many modifications, there are some changes of note. As you probably already know, Form 1094-C is Read More
Potential ACA Penalties: An Infographic

Potential ACA Penalties: An Infographic

October 10, 2016 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
IRS Releases Final Reporting Forms

IRS Releases Final Reporting Forms

September 21, 2015 As get ready to file 2015 reports required by the Act, the Internal Revenue has released the final for submitting these reports, along with instructions for them. For reports filed Read More
IRS Proposes Changes To Ease ACA Reporting

IRS Proposes Changes To Ease ACA Reporting

September 17, 2015 The Internal Revenue Service said it will propose a number of changes in the regulations on reports related to the Affordable Care Act. All of the proposed changes will have Read More
$11 Billion in Credits Paid During Filing Season

$11 Billion in Credits Paid During Filing Season

September 3, 2015 Consumers who bought individual health insurance coverage through federal and state exchanges received almost $11 billion in premium assistance tax credits in fiscal year 2014, according to a report by Read More