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Tag "Employer Shared Responsibility Payment (ESRP)"
ACA Penalties under §4980H are not Subject to a Statute of Limitations
2 minute read: As businesses reopen and bring workers back to offices, restaurants, and retail stores across the country, employers should take this opportunity to look at their ACA compliance Read More
ACA Penalties to Continue with the IRS Returning to Work
2 minute read: As states begin to lift their shelter-in-place orders and begin plans to re-open, employers should take note of recent IRSactivity, as the agency is expediting its efforts Read More
No Statute of Limitations on Assessment of Employer Shared Responsibility Payment
2 minute read: The IRS Office of the Chief Counsel issued new field advice on February 24, 2020 (“Field Notice”) making it clear that there is no statute of limitations Read More
Dave & Buster’s Demonstrates Importance of Complying With the ACA
2 minute read: After a multi-year odyssey, Marin v. Dave & Buster’s, Inc., the class action lawsuit filed in federal courts in New York’s Southern District against the entertainment and Read More
Submit ACA Corrections Now to Avoid IRS Penalties
4 minute read: The deadline to electronically file ACA forms 1094-C and 1095-C for the 2018 tax year was April 1. Did your organization make it? If it did, were all Read More![Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227 [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_89085465_1280px-269x180_c.jpg)
Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227 [UPDATE]
2 minute read: Your organization has received a Letter 226J tax notice because the IRS says it did not comply with the Affordable Care Act (ACA) on the basis of Read More
IRS Penalties Increase in 2018 for ACA Non-Compliance
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
That IRS Letter 226J Could Propose Millions of Dollars in ACA Penalties
2 minute read: Why should your organization care about IRS Letter 226J? Well, it could propose millions of dollars in ACA penalties against your organization. The Letter 226J notices are Read More
The IRS Storm of Letter 226J ACA Penalty Notices Continues
2 minute read: Another wave of Letter 226J penalty notices have been issued by the IRS, and all indications that this storm of tax notices will continue for the foreseeable Read More
ACA Funding Freeze Won’t Impact the ACA’s Employer Mandate
2 minute read: The Trump administration has said it would temporarily freeze funding for the “risk adjustment” program under the Affordable Care Act (ACA) because of conflicting court rulings, but 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
Organizations Ignoring the ACA are at Financial Risk
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![More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_13386609_1280px-269x180_c.jpg)
More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]
As we look forward to the start of spring, all signs are pointing to the IRS continuing its efforts to enforce the Affordable Care Act (ACA). A new wave of 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
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
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 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
