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Tag "Applicable Large Employers"
IRS Limited Non-Assessment Periods May Help Avoid ACA Penalties
3 minute read: The employer shared responsibility provisions (ESRP) under the Affordable Care Act (ACA) may seem straightforward, but, in reality, complying with them can be quite complex and time Read More
Association Health Plans Don’t Help Larger Employers with ACA Compliance
3 minute read: The Affordable Care Act’s employer mandate has been in effect for the past three years and IRS enforcement of the healthcare law has begun. At the same Read More
More Americans Paying for ACA Health Plans
2 minute read: It’s no secret that replacing the law is a top priority for President Trump and a majority of Republicans in Congress. Recent data from the Centers for Read More
IRS Enforcement of ACA Penalties Is No Surprise
4 minute read: The Affordable Care Act (ACA) was first enacted in 2010 under the Obama administration. A component of the ACA, the Employer Shared Responsibility Provision (ESRP), also referred Read More
Despite Presidential Rhetoric, ACA Employer Mandate Still Here
2 minute read: The Trump Administration has been vocal about what it believes are its successful efforts to repeal and replace the Affordable Care Act (ACA). At a recent campaign Read More
Medicaid Expansion Supports ACA Popularity
2 minute read: It’s not a mystery that the Affordable Care Act (ACA) is complex. Since its passage in 2010, the landscape of the healthcare industry and marketplace has changed Read More
These Errors Greatly Determine Your Penalty Assessment in IRS Letter 226J
3 minute read: The issuance of Letter 226J for IRS information filings submitted for the 2015 tax year has caught many organizations off guard. More than 30,000 notices have been Read More
Latest TIGTA Report: ACA Penalties to Continue
4 minute read: The report from the Treasury Inspector General for Tax Administration always has some interesting information. The recently issued report on the Affordable Care Act (ACA) from March Read More
Proposed Farm Bill Another Attempt to Undermine ACA
3 minute read: It’s well known that the Trump administration is doing all it can to undermine the Affordable Care Act. The recent decision by the federal Justice Department to Read More
Feds Confirm Their Own ACA Emergency Care Cost Guidelines
4 minute read: It comes as no surprise that many organizations have had difficulty keeping up with the Affordable Care Act (ACA). Whether complying with the regulations under the employer Read More
How to Handle ACA Filing Corrections with the IRS
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
Proposed California Bill Puts the State in Charge of Healthcare Costs
2 minute read: As the current White House and Congressional Republicans continue to snipe at the Affordable Care Act, some states are taking action to shore up the federal healthcare Read More
ACA Compliance: A Tale of Two IRS Measurement Methods
3 minute read: If you or someone you know has been hit with Letter 226J, you know that it is no laughing matter. The IRS is issuing ACA penalty assessments Read More
TIN Validation Errors with the IRS Can Affect ACA Compliance
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 and Healthcare Grow in Popularity as Midterms Draw Near
2 minute read: Studies show that voters have prioritized healthcare as a top issue to be addressed in the upcoming 2018 midterm elections in November. For the first time in Read More
Keep Tabs on Seasonal Workers and Employees to Avoid ACA IRS Penalties
3 minute read: Fast forward to summer 2020. You’re taking a nice stroll along the beach, not a care in the world. You feel your phone vibrate and notice you’re Read More
ACA Employer Mandate Poses IRS and U.S. GAAP Complications
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
IRS Safe Harbors for Affordability Help Avoid ACA Penalties
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
Advisers, Beware These Two Letters from the IRS
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
File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties
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
Time to Check Your Work with IRS ACA Filing Deadline Approaching
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
ACA Employer Mandate Poses IRS and US GAAP Complications
You would think it would go without saying, but let’s say it. The Affordable Care Act (ACA) and its employer mandate have tax and financial implications. And that means it’s Read More
After Settlement Rejected, Dave & Buster’s Court Case Continues
The class action lawsuit filed in federal courts in New York’s Southern District against entertainment and restaurant chain Dave & Buster’s is continuing after the judge in the case rejected Read More
Less Than 30 Days to First IRS Filing Deadline for 2017 ACA Information
We are less than 30 days away from the first deadlines for filing Affordable Care Act (ACA) information for the 2017 tax year. How time flies! Here is who must Read More
DOL Seeking Comments On Extending Association Health Plans
Under the Affordable Care Act (ACA), employers that do not meet the 50 or more full-time or full-time equivalent employee threshold to be Applicable Large Employers (ALEs) do not face Read More
Worker Misclassification Can Impact ACA Compliance
On December 31, 2017, the North Carolina Employee Fair Classification Act (EFCA) took effect. The new law allows for heightened investigations into those employers that are allegedly misclassifying their workers Read More![Calculating FT and FTE Employees [UPDATED]](https://acatimes.com/wp-content/uploads/AdobeStock_26565678_1280px-269x180_c.jpg)
Calculating FT and FTE Employees [UPDATED]
As part of their annual filing of healthcare coverage information with the IRS, organizations must determine if they are Applicable Large Employers (ALEs) for purposes of the Affordable Care Act Read More
IRS Extension of Good Faith Relief is Good and Bad News
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
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
Tax Reform Bills Keep ACA Employer Mandate Intact
Throwback Thursday Feature from Wednesday, December 6, 2017. When the U.S. House and Senate Republicans meet in conference to discuss how they will reconcile their two different tax reform legislations, among Read More
IRS Penalties for ACA Non-Compliance Can Be Costly
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 Read More![Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]](https://acatimes.com/wp-content/uploads/AdobeStock_66767001_1280px-269x180_c.jpg)
Preparing For Affordable Care Act Filings With the IRS? Here’s a Checklist That May Help [Updated]
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]](https://acatimes.com/wp-content/uploads/irs226J-holidayseason-2017-269x180_c.jpg)
IRS Letter 226J Infographic Details Response Process [Updated]
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
IRS Provides Information on Responding to Letter 226J
The IRS has posted information on its website regarding Letter 226J, the initial letter issued to Applicable Large Employers (ALEs) – those organizations with 50 or more full-time or full-time Read More
More Suggestions on Responding to IRS Letter 226J
The IRS has released the first round of letters to Applicable Large Employers (ALEs), companies with 50 or more full-time or full-time equivalent employees, it believes were are subject to Read More
Are Your Clients Ready for the IRS’s ACA Penalty Assessments?
Originally published on November 21, 2017 in “Accounting Today” The IRS has been sending signals since the summer that it will be enforcing the Affordable Care Act’s employer mandate. Those signals Read More
The IRS is Sending Million Dollar ACA Penalty Notices to Employers
The 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 Read More
Will the IRS Extend ACA Reporting Deadlines?
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
How to Respond to IRS Letter 226J About Affordable Care Act Penalties
It’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, Read More
