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 …
Employer Shared Responsibility Mandate
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Affordable Care ActIRS
Are Your Clients Ready for the IRS’s ACA Penalty Assessments?
by Robert Sheenby Robert SheenOriginally 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 …
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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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ACA ReportingIRS
IRS Reveals 2017 Average National Monthly Premium Needed to Calculate Individual Taxpayer Penalties for ACA
by Robert Sheenby Robert SheenThe 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 …
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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. …