The IRS recently announced it is suspending certain mailings of automated collections and various other notices in an effort to get through its current backlog. As such, the agency will …
Tag:
ACA Penalty Assessments
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The IRS is experiencing a massive mail backlog of unprocessed documents first caused by COVID-19. Included in that backlog of notices are ACA penalty assessments. To help the situation, the …
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Affordable Care Act
Remember, No Good Faith Transition Relief This Year
by Robert Sheenby Robert SheenWith the New Year just a few short weeks out, employers should remember that 2020 was the final year for Good Faith Transition Relief. That means filing late or inaccurate …
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3 min read The Supreme Court case in which the Justices consider whether the Affordable Care Act is unconstitutional without the Individual Mandate will see a judicial decision any day …
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Affordable Care Act
IRS Issues Draft 2019 ACA Forms 1094-C and 1095-C and Reporting Instructions
by Robert Sheenby Robert SheenThe IRS has released draft versions of Forms 1094-C and 1095-C, as well as the reporting instructions for the 2019 tax year, to be filed and furnished in 2020. You …