The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate …
ACA Compliance
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ACA ComplianceAffordable Care ActIRS
IRS Extension of Good Faith Relief is Good and Bad News
by Robert Sheenby Robert SheenAs the saying goes, I have some good news and some bad news. For the good news, the IRS has extended good faith relief for information-reporting requirements for the Affordable …
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ACA ComplianceTax Reform
ACA Individual Mandate is Set to be Gone, but Desire for Health Insurance Remains
by Robert Sheenby Robert SheenAs part of tax reform legislation passed by Congress, the individual mandate provision in the ACA requiring every American citizen to obtain health insurance or pay an annual financial penalty …
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The IRS has announced the penalty amounts for companies with 50 or more full-time or full-time equivalent employees that do not comply with the Affordable Care Act (ACA) for the …
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Affordable Care Act
Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]
by Robert Sheenby Robert SheenUpdated from original blog post on November 7, 2017. The ACA filing deadlines for the 2017 tax year are fast approaching. With the IRS sending penalty notices for ACA filings …
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Affordable Care ActIRS 226J/226-J
IRS Letter 226J Infographic Details Response Process [Updated]
by Robert Sheenby Robert SheenUpdated from original blog post on December 4, 2017. As more organizations start to prepare for the possibility of receiving a holiday greeting from the IRS in the form of …
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Affordable Care ActHealth Care Coverage
ACA Enrollment Continues at Faster Pace From Previous Year
by Robert Sheenby Robert SheenThey say that you don’t know what you’ve got till it’s gone, a theory that may be true for the Affordable Care Act (ACA). It was just months ago when …
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Affordable Care ActHealth Care Coverage
Why It Matters That More People Signed Up for ACA Health Coverage In 2018
by Robert Sheenby Robert SheenIt was meant to have the opposite effect. The Trump administration’s decision to undermine the Affordable Care Act (ACA) by shortening the annual open enrollment period to 45-days and cutting …
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Affordable Care ActHealth Insurance Marketplace
The Healthcare Marketplace is Stabilizing Around the ACA
by Robert Sheenby Robert SheenWe are well into open enrollment period for the Affordable Care Act (ACA). Despite significant increases in premium rates for 2018, enrollment for healthcare coverage on HealthCare.gov is higher than …
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ACA ComplianceAffordable Care ActIRS 226J/226-J
The IRS is Sending Million Dollar ACA Penalty Notices to Employers
by Robert Sheenby Robert SheenThe letter no one wants is now in the mail! (click the image for the full letter) Applicable Large Employers (ALEs), employers with 50 or more full-time or full-time equivalent …
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Affordable Care ActIRS
How to Respond to IRS Letter 226J About Affordable Care Act Penalties
by Robert Sheenby Robert SheenIt’s the letter no one wants to receive. However, its coming and you need to be prepared just in case your company or client receives it. It is Letter 226J, …
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As we reported this week, the IRS has issued guidance on its plans to issue penalty notices by the end of this year to Applicable Large Employers (ALEs) it believes …
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Affordable Care Act
Preparing for Affordable Care Act Filings with the IRS? Here’s a Checklist That May Help
by Robert Sheenby Robert SheenNow is the time to be assessing where you stand in gathering the necessary information necessary for filing ACA-mandated information with the IRS. Organizations with more than 50 full-time or …
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ACA ComplianceIRSIRS 226J/226-J
The IRS Will Start Issuing ACA Penalty Notices in 2017
by Robert Sheenby Robert SheenAs we reported earlier this year, indications from the IRS pointed to the agency sending enforcement notices by December 2017 to businesses with 50 or more employees – referred to …
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Affordable Care ActHealth Care CoverageHealth Care ReformHealth Insurance MarketplaceLegislation
Americans Don’t Want President Trump to Destroy the Affordable Care Act
by Robert Sheenby Robert SheenWhile President Trump does his best to undermine the Affordable Care Act, the American public wants it to succeed. Americans don’t want the Affordable Care Act (ACA) destroyed. They want …
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Affordable Care ActIRS
IRS Roundup: What You Need to Know About the IRS and the Affordable Care Act
by Robert Sheenby Robert SheenOver the past few months, the IRS has been moving forward with preparations for the ACA-mandated filings for the 2017 tax reporting year. Here’s what we know so far about …
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Affordable Care Act
New White House Executive Order Doesn’t Change ACA Employer Mandate
by Robert Sheenby Robert SheenThe Executive Order directed at the Affordable Care Act (ACA) that was signed by President Trump last week addresses three areas he claims will expand healthcare choices to Americans. The …
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ACA ReportingIRS
IRS Issues New ACA Forms for 2017 Tax Year [NEW REPORT]
by Robert Sheenby Robert SheenThe IRS continues to prepare for employers to file ACA-mandated information with the IRS for the 2017 tax year. The IRS is now making the new Form 1094-C and Form …
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ACA Compliance
The Two C’s of Open Enrollment Season: Communication and Compliance
by Robert Sheenby Robert SheenThe Affordable Care Act raised the ante on providing health insurance to Americans for U. S. businesses. It mandated that applicable large employers (those with 50 or more full-time employees …
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ACA Compliance
With the Threat Of ACA-Imposed Penalties From the IRS, Employers Must Be Serious About Tracking Employee and Worker Time
by Robert Sheenby Robert SheenThe Affordable Care Act’s (ACA) mandate that employers with 50 or more full-time or full-time equivalent employees must offer health insurance coverage to their full-time employees has come with added …
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Affordable Care ActHealth Care Reform
U.S. Senate Committee Continues Healthcare Hearings Today After Hearing From Governors Last Week
by Robert Sheenby Robert SheenThe U.S. Senate Committee on Health, Education, Labor and Pensions continues its hearings on healthcare policy today. The committee will hear testimony today on providing states greater flexibility in managing …
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ACA CompliancePremium Tax Credit
Incorrect PTC Calculations Show that Technology Is A Gift and a Curse
by Robert Sheenby Robert SheenOver the last two years, the IRS has made some strides in ensuring that certain ACA-mandated processes are as seamless as possible for taxpayers and employers, from streamlining electronic form …
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ACA ReportingIRS
Independent of the Bipartisan Effort to Reform Healthcare, the IRS Continues to Enforce the ACA
by Robert Sheenby Robert SheenIn the wake of Congress being unable to pass ACA repeal and replace legislation, a bipartisan effort seems to be growing around improving the ACA. Indeed, a majority of Americans …
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ACA Compliance
Tracking Time and Attendance: A Business Intelligence and Regulatory Imperative
by Robert Sheenby Robert SheenAs misclassification suits arise from ill-defined job descriptions in the gig economy, how employees utilize their workdays is also becoming an issue. Who is managing and tracking how workers spend …
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ACA ComplianceIRS
Another Sign That the IRS is Moving Forward with Enforcing ACA Compliance
by Robert Sheenby Robert SheenLetters released this month by the IRS continue to point to the agency moving forward with its plans to enforce the Affordable Care Act (ACA). The IRS has indicated it …
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IRSTIGTA
2 Reasons Why Employers Should Care About the IRS Individual Mandate Report
by Robert Sheenby Robert SheenA recently released report from the Treasury Inspector General for Tax Administration (TIGTA) on IRS notifications in regards to the ACA’s individual mandate has potential implications for employers. TIGTA, at …
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ACA ReportingIRS
Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over
by Robert Sheenby Robert SheenThe IRS has released drafts of forms 1094-C and 1095-C for use in reporting ACA-mandated information for the 2017 tax year. You can view the draft forms at these links: …
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Affordable Care ActHealth Care Coverage
Health Insurance Brokers Help Employers Lower Healthcare Costs
by Robert Sheenby Robert SheenWhen it comes to providing healthcare as an employer, cost is a major concern. Under the Affordable Care Act (ACA), applicable large employers – organizations with 50 or more full-time …
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At times, companies may feel like they are swimming in data. It’s an information overload, and a lack of organization can lead to many mistakes in consolidating, validating and analyzing …
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ACA ComplianceAffordable Care Act
ACA Remains in Place, and a Study Highlights Potential Lack of Company Compliance
by Robert Sheenby Robert SheenThe recent failure in the U.S. Senate vote to repeal the Affordable Care Act (ACA) leaves in place the ACA’s employer mandate. The employer mandate applies to businesses with 50 …
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ACA ReportingAIR
New IRS Memo Sheds Light On AIR Updates for ACA Information Reports
by Robert Sheenby Robert SheenThe upcoming reporting year deadlines for Affordable Care Act information returns for the 2017 tax year are: January 31, 2018: deadline to furnish 1095-C schedules February 28, 2018: deadline to …
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ACA ComplianceACA Reporting
ACA Filing Deadlines Still Loom Amid Reform Debate
by Robert Sheenby Robert SheenOriginally published on July 18, 2017 in “Compliance Week” As healthcare reform sputters along in Congress, companies still face filing deadlines under the Affordable Care Act, and the Internal Revenue Service …
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ACA ComplianceEmployee Misclassification
New Developments In Uber Misclassification Suits Prove The Complexities of Potential ACA Liability
by Robert Sheenby Robert SheenAt the close of June, a shocking new development arose from Uber’s employee misclassification suits. The drivers who asserted they were actual Uber employees and not independent contractors had their …
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Affordable Care ActLegislation
Updated Better Care Reconciliation Act Released
by Robert Sheenby Robert SheenThe U.S. Senate has released a new, updated draft of the Republican-proposed Better Care Reconciliation Act aimed at winning over Republican Senators who were not enamored of the initially proposed …
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ACA ComplianceIRS
IRS Still Moving Forward with ACA Compliance Enforcement for Employers
by Robert Sheenby Robert SheenThe IRS recently issued Notice 2017-38, which revealed the results of the Treasury Department’s review of all “significant tax regulations” per President Trump’s Executive Order 13789 issued in April 2017. …
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ACA Compliance
FCCI Identifies Five Common Challenges Organizations Face When Complying with ACA Requirements
by Robert Sheenby Robert SheenOp-Ed originally published in PR Newswire. LOS ANGELES, CA — June 7, 2017 — First Capitol Consulting, Inc., (FCCI) has achieved a 100 percent success rate in assisting organizations with filing …
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Affordable Care ActAmerican Health Care Act (AHCA)
Featured Press: 3 Issues For Business As The U.S. Senate Tackles Trumpcare
by Robert Sheenby Robert SheenOp-Ed originally published in The Business Journals. After some false starts, Republicans in the U.S. House of Representatives finally passed the American Health Care Act (AHCA), as amended, the first step …
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Affordable Care ActHealth Care Coverage
New KFF Study Shows Healthcare Insurers May Be Financially Stable on the ACA Exchanges
by Robert Sheenby Robert SheenIt was just last year when healthcare giants like UnitedHealth and Aetna were exiting out of certain ACA exchanges—citing the ACA as the cause for financial dips in their bottom …
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ACA ComplianceACA ReportingHealth Care Coverage
Preparing Your 2016 ACA Forms – Better Late Than Never
by Robert Sheenby Robert SheenNow that the dust has settled that the Patient Protection and Affordable Care Act (ACA) is here to stay and the 2016 ACA reporting deadline is just behind us, employers …
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Affordable Care ActHealth Care Coverage
The ACA In Numbers: An Infographic
by Robert Sheenby Robert SheenWhen the Trump Administration reluctantly agreed to keep the ACA around, many breathed a collective sigh of relief. While some were unaware that the Affordable Care Act was synonymous with …
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Affordable Care ActHealth Care Coverage
Did Tennessee Hurt Itself With Healthcare?
by Robert Sheenby Robert SheenIf you reside in Tennessee, there’s a likely chance that next year you may be without options within the federally facilitated healthcare exchange under the Affordable Care Act (ACA). This …
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Affordable Care ActHealth Care Coverage
New Bill Allows Non-Exchange Health Plan Purchases With ACA Credits
by Robert Sheenby Robert SheenWhen Senate Republicans proposed the repeal and replacement of the Affordable Care Act (ACA), a major point of focus was the elimination of ACA-mandated taxes, including the Employer and Individual …
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ACA ComplianceIRS
What To Do When An IRS Letter Lands In Your Mailbox
by Robert Sheenby Robert SheenThe 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 …
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ACA ComplianceAffordable Care Act
Life After The Proposed AHCA: An Employer’s Tip Sheet
by Robert Sheenby Robert SheenGoodbye AHCA, hello ACA. Again. While President Trump’s attempt to repeal and replace the Affordable Care Act (ACA) with the American Health Care Act (AHCA) has left many Americans relieved …
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Affordable Care Act
Businesses Need to Make Affordable Care Act Filings with the IRS by March 31 or Request an Automatic Extension
by Robert Sheenby Robert SheenSome businesses may have suffered from wishful thinking when the legislation to repeal and replace the Patient Protection and Affordable Care Act (ACA) was proposed by Speaker Ryan and trumpeted …
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ACA AuditACA Compliance
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties
by Robert Sheenby Robert SheenOp-Ed Updated Published on March 16, 2017 on ‘Accounting Today’ A few weeks after the national election, the Internal Revenue Service (IRS) began to issue notices to employers who may …
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Affordable Care ActHealth Care CoverageRegulations
Uber Is Triumphant In California Misclassification Case
by Robert Sheenby Robert SheenUber made a huge stride in their favor at the top of March, when a California courtnamed them victorious in yet another misclassification case. The case surrounded once again classifications …
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Affordable Care ActHealth Care Coverage
When It Comes To Healthcare, Are You Grandfathered Or Grandmothered?
by Robert Sheenby Robert SheenThe Center for Consumer Information & Insurance Oversight (CCIIO), under the Centers for Medicare& Medicaid Services (CMS), released a notice at the close of February, announcing that insurance companies may …
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Affordable Care ActRegulations
House Republican Leadership Announce Their ACA Repeal and Replace Bill
by Robert Sheenby Robert SheenThe Republican leadership in the House recently proposed its ACA repeal and replace bill. It remains uncertain as to whether Republicans can secure enough support amongst themselves to pass the …
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ACA ComplianceHealth Care Coverage
Uber Decision in Florida and The Gig Economy
by Robert Sheenby Robert SheenIn a recent decision within the Florida courts, Uber was victorious in a misclassification case that left Uber drivers classified as independent contractors and not employees. It speaks to the …