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Tag "1095-C"
Insights in ACA Compliance during the Pandemic
3 minute read: As employers across the country continue to feel the impact of the COVID-19 Pandemic and work to comply with various state or local stay at home orders Read More
Today is the Deadline for Electronically Filing your ACA Returns
2 minute read: Today, March 31 is theIRS deadline for employers to provide electronic filings of forms 1094-C and 1095-C to the IRS for the 2019 tax year as required Read More
Covid-19 Pandemic May Affect ALE Status
5 minute read: As businesses across the country are shutting their doors to comply with various state or local Stay at Home orders to combat the spread of the COVID-19 Read More
Challenges in ACA Compliance during the Covid-19 Pandemic
3 minute read: As businesses across the country shutter their doors, reduce their hours and move to remote working to comply with various state or local stay at home orders Read More
What You Need to Know: ACA Rule of Parity, COVID-19 Pandemic and Temporary Layoffs
4 minute read: The Coronavirus (Covid-19) is putting a strain on all aspects of life in the United States right now. For businesses, they are struggling with closures, decreased demand, Read More
The Trucking Industry Faces Challenges with AB5
3 minute read: California’s AB5 has changed the landscape on how independent contractors and employers work together. The trucking industry in particular faces unique challenges in adjusting to the new Read More
ACA Paper Filing Submissions are Due to the IRS Today
2 minute read: Today is the IRS deadline for employers to provide paper filings of forms 1094-C and 1095-C to the IRS for the 2019 tax year as required by Read More
No Statute of Limitations on Assessment of Employer Shared Responsibility Payment
2 minute read: The IRS Office of the Chief Counsel issued new field advice on February 24, 2020 (“Field Notice”) making it clear that there is no statute of limitations Read More
The Codes on Form 1095-C Explained
3 minute read: Every year Applicable Large Employers (“ALEs”) must file Forms 1094-C and 1095-C with the IRS and furnish Forms 1095-C to employees considered full-time under the Affordable Care Read More
States Are Taking the ACA Into Their Own Hands
3 minute read: Several states and the District of Columbia are taking pains to make sure the Individual Mandate under the Patient and Protection and Affordable Care Act (“ACA”) is Read More
Mark These 2020 Dates for 2019 ACA Reporting (UPDATE)
3 minute read: Every year, the IRS requires employers to submit important ACA information to the agency and their employees. Here are some important dates to keep in mind for Read More
Distribute 1095-Cs by IRS Deadlines to Avoid ACA Penalties
2 minute read: Every year, the IRS requires employers to furnish the 1095-C schedules to their full-time workforce, in addition to filing them with the tax agency. Failing to do Read More
Avoid IRS Penalties by Electronically Submitting your ACA Filings
4 minute read: If you are not yet filing Affordable Care Act information electronically with the IRS, you may want to reconsider. There are some considerable benefits to doing so, Read More
New Jersey’s ABC Test Could Impact ACA Compliance and Reporting
3 minute read: The state of New Jersey has introduced SB 4204 which would change the way employers classify their workforce. SB 4204 will require employers to administer the ABC Read More
Tis’ The Season to Check the Health of Your Data for ACA Reporting
5 minute read: The end of 2019 is here and that means that if you haven’t done so already, it’s time to get your Affordable Care Act (ACA) filings in Read More
New Jersey Issues Updated State-Level ACA Reporting Guidance
2 minute read: The state of New Jersey has issued updated guidance regarding state-level ACA health insurance reporting. Employers, regardless of size, who offer Minimum Essential Coverage to employees will Read More
Changing the Poverty Level Could Impact the ACA
3 minute read: The Trump Administration has proposed changing the methodology for calculating the federal poverty level (FPL). As expected, it could have serious implications for the Affordable Care Act. Read More
Employers Need to Meet IRS Deadlines to Avoid ACA Penalties
3 minute read: The IRS recently issued an extension for furnishing forms 1094-C and 1095-C to employees for the 2019 tax year, which extends the schedule employers need to keep Read More
ACA Filing Takeaways for The New Year
2 minute read: As the 2019 tax year winds down, we wanted to let you know that we have curated a list of our most common and relevant ACA filing Read More
IRS Issues Deadline Extension for Furnishing Forms 1095-C
2 minute read: To kick off the holiday season, the IRS has issued Notice 2019-63, which extends the deadline for distributing Form 1095-C for the 2019 tax year to full-time Read More
Letter 972CG Late Penalty Assessments are Becoming More Difficult to Repeal
2 minute read: Earlier this year, the IRS started issuing in Letter 972CG ACA penalties to employers who filed their annual ACA information past IRS deadlines established in IRC Section Read More
IRS Using Levy Power to Collect ACA Penalties
2 minute read: It’s bad enough that employers could face financial penalties for not complying with the Affordable Care Act. Now, the IRS has started using its levy power to Read More
D.C. Offers Employers Guidance on New ACA-Related Individual Mandate
2 minute read: The District of Columbia’s Office of Tax and Revenue (OTR) has issued new guidance on employer reporting requirements for the District’s Individual Taxpayer Health Insurance Responsibility Requirement Read More
Incorrect ITINs Will Cause Havoc With ACA Compliance
3 minute read: Earlier this year the IRS announced that roughly 2 million ITINs are set to expire December 31. This could pose a significant risk to your organization’s Affordable Read More![The Triangle of Trust Is Critical for ACA Compliance [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_166935101_1280px-269x180_c.jpg)
The Triangle of Trust Is Critical for ACA Compliance [UPDATE]
3 minute read: Creating the optimal alignment of data, regulatory expertise and software is critical in achieving ACA compliance. We call this principle the Triangle of TrustSM. This principle has Read More
California Bill AB5 May Impact Your ACA Compliance Process
2 minute read: California employers may have another level of complexity coming their way in regards to compliance with the Affordable Care Act. The California state legislature has passed a Read More
Proposed IRS Regs Provide Guidance on ACA and HRAs
3 minute read: Recently proposed IRS regulations provide guidance to employers who want to start offering individual coverage HRAs in place of offers of health coverage under the Affordable Care Read More
Get to Know the ACA’s Statewide Individual Mandates
3 minute read: In January 2019, the federal Individual Mandate was effectively eliminated. Many states responded by implementing their own and some of them have both employer and employee penalties Read More
Eliminating the ACA’s Cadillac Tax Will Not Impact the Employer Mandate
3 minute read: All eyes on are the U.S. Senate to see if a vote will be taken to eliminate a tax associated with the Affordable Care Act. The tax Read More
These Common Mistakes Can Result in ACA Penalties
3 minute read: Affordable Care Act compliance can be time-consuming and complex. There are a myriad of issues that can arise during the course of the year that can make Read More
New Jersey Issues Employer Guidance on State-Level ACA Reporting
2 minute read: The state of New Jersey has issued information for employers on third-party reporting to support the state’s new individual healthcare mandate. Employers with employees in New Jersey Read More
IRS Penalties Create A Hurricane for Businesses Failing to Comply with the ACA
5 minute read: It’s a hurricane of IRS penalty notices. And it’s no laughing matter for businesses that have failed to comply with the Affordable Care Act. The IRS is Read More
IRS Enforcement of the ACA Not Wavering
2 minute read: Give the IRS credit. It is consistent. In 2017, the federal tax agency responded to an inquiry about waivers to business owners from U.S. House Representative Bill Read More
IRS Issues Letter 972CG to Employers for Late ACA Filings
4 minute read: The IRS has started to issue ACA penalties to employers who have filed their annual ACA information past IRS deadlines, another sign that the IRS is further Read More
Expect Increased IRS Penalties in 2019 for ACA Non-Compliance
3 minute read: Expect to see increased ACA penalties for employers that do not comply with the ACA in the 2019 tax year. Here’s how the anticipated ACA penalties for Read More
The IRS Is Intensifying ACA Enforcement Efforts
3 minute read: Originally published on August 7, 2019, in Accounting Today. Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce Read More
A Late Response to IRS Letter 226J Could Cost You
2 minute read: Responding to IRS Letter 226J penalty assessments quickly and accurately is very important for a number of reasons, including reducing or eliminating the proposed penalty assessment. But Read More
We Answer Your ACA Employer Mandate Questions
3 minute read: We hosted an ACA webinar in July with HR.com, and were asked several questions relating to the ACA’s Employer Mandate. The answers are now available on our Read More
Penalties for the 2019 Tax Year Are Higher Than Ever
3 minute read: The IRS has not let up with issuing ACA penalties to employers identified as having failed to comply with the law’s Employer Mandate. As in past tax Read More![Keep An Eye Out for Letter 5699 [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_205359041_1280px-269x180_c.jpg)
Keep An Eye Out for Letter 5699 [UPDATE]
3 minute read: We can expect a blizzard of ACA notices and penalty assessments being sent by the IRS as the tax agency steps up its ACA enforcement activities with Read More
ACA Compliance is Hot This Summer
4 minute read: The words “Summer” and “vacation” are often paired together. Applicable Large Employers should note that even though their ACA filing responsibilities have likely been satisfied due to Read More
Expiring ITINs May Affect ACA Compliance
3 minute read: The IRS has announced that nearly two million ITINs are set to expire in 2019. What does this mean for your business and ACA compliance? We have Read More
California Passes New State-Wide Healthcare Individual Mandate
5 minute read: In early January, I wrote a blog post titled, “Will 2019 Be the Year for Statewide Individual Health Insurance Mandates?” More and more, it is appearing that Read More
Expect Greater Scrutiny and Audits from IRS Staff on ACA Compliance
4 minute read: The IRS staff is preparing a new round of IRC 4980H penalty assessments to be issued to employers for failing to comply with the requirements of the Read More
Monthly ACA Compliance Can Help Employers Avoid IRS Penalties
4 minute read: As the IRS begins rolling out a new round of ACA penalty notices this month, we can’t stress enough how important it is to assess your compliance Read More![Get Ready! More IRS Letter 226J ACA Penalty Notices Are on the Way [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_63347972_1280pxx-269x180_c.jpg)
Get Ready! More IRS Letter 226J ACA Penalty Notices Are on the Way [UPDATE]
3 minute read: IRS staff is expected to start issuing Affordable Care Act penalty notices for the 2017 tax year this month. This comes on the heels of a final Read More
Data Quality Management Is Key to ACA Compliance
5 minute read: Many of the challenges posed by the Affordable Care Act’s Employer Mandate are inherently data problems. Data quality management is not just an issue for larger employers Read More
IRS Sending New ACA Penalty Notices for 2017 Tax Year
3 minute read: The IRS has started issuing new penalty notices to employers that failed to file forms 1094-C and 1095-C with the federal tax agency or furnish 1095-C forms Read More
Suggestions on Responding to IRS 6721/6722 ACA Penalties
3 minute read: In late 2018, the IRS began issuing ACA penalties under IRC 6721/6722 to employers that failed to distribute 1095-C forms to employees and to file 1094-C and Read More
