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

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

October 3, 2017 The 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 Read More
IRS Extends Voluntary Reporting Of Catastrophic Coverage

IRS Extends Voluntary Reporting Of Catastrophic Coverage

September 21, 2017 The IRS released Notice 2017-41 last month, informing health insurance issuers of further guidance surrounding the reporting of catastrophic plan coverage acquired through the ACA’s Health Insurance Marketplace. It’s the Read More
Incorrect PTC Calculations Show that Technology Is A Gift and a Curse

Incorrect PTC Calculations Show that Technology Is A Gift and a Curse

September 11, 2017 Over 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 Read More
IRS Reveals 2017 Average National Monthly Premium Needed to Calculate Individual Taxpayer Penalties for ACA

IRS Reveals 2017 Average National Monthly Premium Needed to Calculate Individual Taxpayer Penalties for ACA

August 30, 2017 The IRS has issued the 2017 Average National Monthly Premium of bronze-level qualified health plans for both individuals and shared responsibility families of five or more. That figure is the Read More
Everything You Want To Know About Virtual IRS Appeals and the ACA

Everything You Want To Know About Virtual IRS Appeals and the ACA

August 28, 2017 For many Americans, tax appeals are a daunting process. Every year, the IRS Office of Appeals sees over 100,000 tax appeals travel across their desks from those taxpayers challenging the Read More
Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over

Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over

August 7, 2017 The 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: Read More
Get Your Business Data Organized

Get Your Business Data Organized

August 1, 2017 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 Read More
ACA Remains in Place, and a Study Highlights Potential Lack of Company Compliance

ACA Remains in Place, and a Study Highlights Potential Lack of Company Compliance

July 31, 2017 The 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 Read More
New IRS Memo Sheds Light On AIR Updates for ACA Information Reports

New IRS Memo Sheds Light On AIR Updates for ACA Information Reports

July 24, 2017 The 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 Read More
ACA Filing Deadlines Still Loom Amid Reform Debate

ACA Filing Deadlines Still Loom Amid Reform Debate

July 20, 2017 Originally 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 Read More
EEO-1 Reporting Complications Creates ACA Reporting Efficiencies

EEO-1 Reporting Complications Creates ACA Reporting Efficiencies

July 17, 2017 Today we are featuring a post from our new blog, FCCI Insights. This blog will provide information on legislative and regulatory activity involving pay equity, employment eligibility verification, tax credits, Read More
FCCI Identifies Five Common Challenges Organizations Face When Complying with ACA Requirements

FCCI Identifies Five Common Challenges Organizations Face When Complying with ACA Requirements

June 12, 2017 Op-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 Read More
Featured Press: 3 Issues For Business As The U.S. Senate Tackles Trumpcare

Featured Press: 3 Issues For Business As The U.S. Senate Tackles Trumpcare

May 22, 2017 Op-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 Read More
Preparing Your 2016 ACA Forms – Better Late Than Never

Preparing Your 2016 ACA Forms – Better Late Than Never

May 4, 2017 Now 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 Read More
The Treasury Inspector General Tax Administration Says Employer Mandate Penalties Are Coming

The Treasury Inspector General Tax Administration Says Employer Mandate Penalties Are Coming

April 17, 2017 With now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any Read More
Thought That ACA Reporting for 2015 Was a Free Pass? Think Again.

Thought That ACA Reporting for 2015 Was a Free Pass? Think Again.

April 13, 2017 With now two reporting years (2015 and 2016) behind us since the implementation of the Employer Mandate under the Affordable Care Act (ACA), the IRS has yet to impose any Read More