IRS Letter 226J for 2016 “In the Mail”

IRS Letter 226J for 2016 “In the Mail”

October 17, 2018 3 minute read: It’s confirmed. The IRS will begin issuing Letter 226J for the 2016 tax year in the next few weeks. IRS staff has indicated that the penalty notices Read More
What to Measure, Track and Record Under the ACA [UPDATE]

What to Measure, Track and Record Under the ACA [UPDATE]

October 15, 2018 7 minute read: It’s always interesting to look back and see how regulation develops. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA Read More
Why You Should Be Concerned that ACA Exchange Notices are Being Issued

Why You Should Be Concerned that ACA Exchange Notices are Being Issued

October 8, 2018 2 minute read:  The fourth quarter of the 2018 tax year is here, bringing with it record temperatures in many parts of the country. The ACA enforcement process is also Read More
Your ACA Employer Mandate Questions Answered

Your ACA Employer Mandate Questions Answered

October 3, 2018 2 minute read: As subject matter experts with ACA compliance, reporting, and related topics, we often times are asked questions about the law by our readers, which include insurance brokers, Read More
IRS Letter 226J Penalty Notices for 2016 May Contain Higher Penalties

IRS Letter 226J Penalty Notices for 2016 May Contain Higher Penalties

October 1, 2018 5 minute read:  Starting this fall, employers should expect Letter 226J penalty notices to be issued to organizations determined by the IRS to have failed to comply with the Affordable Read More
Expect the IRS to Start Issuing ACA Penalties for 2016 Tax Year in November

Expect the IRS to Start Issuing ACA Penalties for 2016 Tax Year in November

September 26, 2018 3 minute read:  As November approaches, two things seem certain. There will be national midterm elections and the IRS will begin issuing Letter 226J penalty notices to employers identified as Read More
An ACA Penalty Risk Assessment May Help Employers Avoid IRS Penalties

An ACA Penalty Risk Assessment May Help Employers Avoid IRS Penalties

September 24, 2018 3 minute read: The Affordable Care Act (ACA) is complex and complying with the law’s Employer Mandate can be challenging for organizations. Under the ACA’s Employer Mandate, Applicable Large Employers Read More
IRS Letter 226J Notices for 2015 Tax Year May Be Issued Through 2019

IRS Letter 226J Notices for 2015 Tax Year May Be Issued Through 2019

September 19, 2018 3 minute read:  Employers who have not yet received a 2015 ESRP penalty notice should not breathe a sigh of relief yet. The IRS identified 49,259 employers at risk for Read More
IRS Penalties Increase in 2018 for ACA Non-Compliance

IRS Penalties Increase in 2018 for ACA Non-Compliance

September 17, 2018 2 minute read:  The IRS has increased the penalties for employers that do not comply with the ACA for the 2018 tax year. Here’s a rundown of the changes: 4980H Read More
Take Note of these IRS Dates for Filing ACA Information for the 2018 Tax Year

Take Note of these IRS Dates for Filing ACA Information for the 2018 Tax Year

September 12, 2018 2 minute read: It’s September. For many of our friends and neighbors, it’s a time to reflect on our summer as we transition into cooler fall weather. For those of Read More
Is Your Organization an ALE? (UPDATE)

Is Your Organization an ALE? (UPDATE)

September 10, 2018 4 minute read: It’s always interesting to look back and see how regulation develops. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA Read More
Exchange Notices Can Lead to IRS Letter 226J ACA Penalties

Exchange Notices Can Lead to IRS Letter 226J ACA Penalties

September 5, 2018 3 minute read: It’s no secret the IRS has been actively enforcing the Affordable Care Act’s Employer Mandate. To date, the IRS has identified a total of 49,259 employers that Read More
Insurers Plan ACA Expansion for 2019

Insurers Plan ACA Expansion for 2019

August 29, 2018 2 minute read: There has been a lot of talk about the future of the Affordable Care Act (ACA). With the midterm elections coming soon, Americans have stated that healthcare Read More
IRS Letter 5699 Laying the Groundwork for Issuing Letter 226J Notices for 2016 ACA Reporting Year

IRS Letter 5699 Laying the Groundwork for Issuing Letter 226J Notices for 2016 ACA Reporting Year

August 22, 2018 2 minute read: As the IRS continues to issue Letter 226J penalty notices to organizations determined by the IRS to have failed to comply with the Affordable Care Act (ACA) Read More
ACA Backlash: Two States Create Their Own Individual Mandates

ACA Backlash: Two States Create Their Own Individual Mandates

June 4, 2018 3 minute read: The Trump Administration effectively repealed the Affordable Care Act’s individual mandate when it made the penalties for an individual not obtaining healthcare $0 beginning 2019. What seemed Read More
How to Handle ACA Filing Corrections with the IRS

How to Handle ACA Filing Corrections with the IRS

May 30, 2018 3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2017 with a status of “Accepted with Errors,” you’re not Read More
IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

May 14, 2018 3 minute read: The evidence continues to mount that the employer mandate in the Affordable Care Act is not going away soon, if ever. And the process of the IRS Read More
TIN Validation Errors with the IRS Can Affect ACA Compliance

TIN Validation Errors with the IRS Can Affect ACA Compliance

May 9, 2018 2 minute read: A recent blog post from Robert Sheen discussed the IRS’s continuing efforts to enforce the Affordable Care Act’s employer mandate. On an annual basis, )applicable large employers Read More
ACA Employer Mandate Poses IRS and U.S. GAAP Complications

ACA Employer Mandate Poses IRS and U.S. GAAP Complications

April 23, 2018 4 minute read: Originally published on April 18,2018, in Accounting Today. In most organizations, the task of ensuring compliance with the Affordable Care Act lies with the Human Resources team. Read More
New CMS Rule Keeps ACA Employer Mandate Intact

New CMS Rule Keeps ACA Employer Mandate Intact

April 18, 2018 3 minute read: The Center for Medicare and Medicaid (CMS) has issued a final rule to expand short-term insurance options for Americans as part of the federal government’s continuing campaign Read More
IRS Safe Harbors for Affordability Help Avoid ACA Penalties

IRS Safe Harbors for Affordability Help Avoid ACA Penalties

April 16, 2018 4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act (ACA)? It’s Read More
Five Common Mistakes Restaurants Make with ACA Compliance

Five Common Mistakes Restaurants Make with ACA Compliance

April 11, 2018 3 minute read: Since the passage of the Affordable Care Act in 2010, the reporting requirements set forth by the IRS have proven to be complicated and time consuming. Minimizing Read More
Advisers, Beware These Two Letters from the IRS

Advisers, Beware These Two Letters from the IRS

April 9, 2018 4 minute read: Originally published on April 4, 2018 in Employee Benefit Adviser. Advisers beware: Affordable Care Act penalties are being assessed by the IRS and the enforcement process is Read More
1094-C/1095-C Audit Can Prevent IRS ACA Penalties

1094-C/1095-C Audit Can Prevent IRS ACA Penalties

April 4, 2018 3 minute read: If your organization has met the deadline to file and furnish schedules 1094-C and 1095-C to the IRS for Affordable Care Act reporting for the 2017 tax Read More
File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties

File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties

March 28, 2018 2 minute read:   With the deadline for providing Affordable Care Act (ACA) information filings to the IRS fast approaching, don’t forget about the late filing penalties under IRS Section 6721. Read More
Organizations Ignoring the ACA are at Financial Risk

Organizations Ignoring the ACA are at Financial Risk

March 26, 2018 5 minute read:  It’s hard to believe, but many organizations continue to be in denial about their need to comply with the Affordable Care Act (ACA). Time and time again Read More
Time to Check Your Work with IRS ACA Filing Deadline Approaching

Time to Check Your Work with IRS ACA Filing Deadline Approaching

March 19, 2018 3 minute read:   The April 2 deadline is fast approaching for filing information related to the Affordable Care Act (ACA). Credit to your organization if it’s putting the finishing touches Read More
Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]

February 7, 2018 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 Read More
INFOGRAPHIC: How to Respond to IRS Letter 226J

INFOGRAPHIC: How to Respond to IRS Letter 226J

January 25, 2018 The Affordable Care Act (ACA) is complex. The ACA Penalty Process now being initiated by the IRS is no exception. With 30 days to respond upon receipt of IRS Letter Read More
Two Errors That Are Triggering ACA Employer Shared Responsibility Payments from the IRS

Two Errors That Are Triggering ACA Employer Shared Responsibility Payments from the IRS

January 24, 2018 Some trends are emerging on what is triggering the IRS to issue Letter 226J notices to organizations. Since November, the IRS has been sending notices to organizations that failed to Read More
Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

Despite Tax Reform, Expect IRS to Enforce the ACA’s Individual and Employer Mandates

January 3, 2018 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 Read More
IRS Extension of Good Faith Relief is Good and Bad News

IRS Extension of Good Faith Relief is Good and Bad News

December 28, 2017 As 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 Read More
IRS Extends 2018 ACA Deadline for Providing 1095-Cs to Employees

IRS Extends 2018 ACA Deadline for Providing 1095-Cs to Employees

December 27, 2017 The IRS has extended the 2018 deadlines to provide 2017 health coverage information forms to individuals as required by Affordable Care Act (ACA). The information was included in a new Read More
Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]

Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]

December 12, 2017 Updated 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 Read More
IRS Letter 226J Infographic Details Response Process [Updated]

IRS Letter 226J Infographic Details Response Process [Updated]

December 11, 2017 Updated 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 Read More
Will the IRS Extend ACA Reporting Deadlines?

Will the IRS Extend ACA Reporting Deadlines?

November 14, 2017 Are deadline extensions and reinstatement of penalty relief for the Affordable Care Act (ACA) in the cards for employers? The IRS Information Reporting Program Advisory Committee (IRPAC) has recommended the Read More
Free Resources from the IRS to Answer Your Questions on the ACA

Free Resources from the IRS to Answer Your Questions on the ACA

November 2, 2017 The IRS provides a variety of resources to assist organizations in better understanding the requirements of the Affordable Care Act (ACA). Here’s are some that we hope you will find Read More
Update on IRS Penalties for Employers That Fail to File ACA-Mandated Information

Update on IRS Penalties for Employers That Fail to File ACA-Mandated Information

November 1, 2017 You can expect to see a slight increase in IRS penalties related to the Affordable Care Act for the 2018 and 2019 tax filing seasons, which reflect reporting for the Read More
New White House Executive Order Doesn’t Change ACA Employer Mandate

New White House Executive Order Doesn’t Change ACA Employer Mandate

October 16, 2017 The 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 Read More
IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

October 10, 2017 The IRS has followed the release of the 2017 forms for filing Affordable Care Act (ACA)-mandated information with the IRS for the 2017 tax year with the instructions for the Read More