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Tag "Employer Shared Responsibility Payment (ESRP)"
5 Resources Essential for ACA Compliance in 2021
The 2021 tax year is already halfway over. With the Biden administration ramping up legislation around the ACA and the IRS increasing its enforcement efforts, employers need to be sure Read More
Taxpayers (Including Employers) Have the Right to the Challenge IRS
3 minute read: The IRS has a Taxpayer Bill of Rights, which includes a section stating every taxpayer’s “right to challenge the IRS’s position and be heard.” These fundamental rights Read More
California Individual Mandate Final Regulations Have Been Updated
3 minute read: The California Franchise Tax Board (FTB) has released detailed information pertaining to the state’s Individual Mandate as the furnishing deadline for self-insured employers draws near. The details Read More
Democrats Gain Senate, Paving the Way for Biden’s ACA Agenda
3 minute read: The results from last week’s Senate runoff race in Georgia have given Democrats control of the Senate, paving the way for Joe Biden’s presidency and his agenda Read More
New Individual Mandate Regulations: What You Need to Know
3 minute read: The California Franchise Tax Board (FTB) just published Final Regulations on the Individual Shared Responsibility Penalty. The California Individual Mandate, in effect since January 1, 2020, will Read More
ACA Penalties Among IRS Critical Activities
3 minute read: On December 1, 2020, the IRS announced updates to the services it will be processing as a part of its mission-critical functions. Among the processes are ACA Read More
2021 IRS Deadlines to Avoid ACA Penalties
2 minute read: Every year Applicable Large Employers (ALEs) must file and furnish their ACA information to the IRS and their employees, respectively. Failing to do so can result in Read More
Biden’s ACA Enhancements Could Create Challenges For Employers
2 minute read: President-elect Joe Biden’s term will begin in a few short months and as he promised during his campaign, there will be a number of advancements made to Read More
ACA Likely to Remain Following Supreme Court Oral Arguments
3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. Read More
Prop 22 has Significant Implications on ACA Healthcare Benefits
2 minute read: With everyone’s attention focused on the results of the presidential election, folks may not realize that California Prop 22 will pass. As of November 6, the status Read More
Election Day Recap and Potential ACA Changes
3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 Read More
Lower ACA Premiums Heading into Open Enrollment for 2021
3 minute read: The Healthcare.gov open enrollment period for the 2021 tax year will begin on November 1, 2020, and will run through December 15. Surprisingly, premiums are down and Read More
Possible ACA Outcomes If Joe Biden Is Elected in November
2 minute read: With the 2020 presidential election a few short weeks out, it’s incredibly important that voters understand what Joe Biden versus Donald Trump will do to the ACA Read More
IRS to Begin Issuing ACA Penalty Letters after July 15, 2020
2 minute read: Employers should start gearing up for IRS penalty letters issued under the Affordable Care Act. According to an announcement posted on the IRS website, the IRS has Read More
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
