Submit ACA Corrections Now to Avoid IRS Penalties

Submit ACA Corrections Now to Avoid IRS Penalties

April 15, 2019 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]

Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227 [UPDATE]

March 6, 2019 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

IRS Penalties Increase in 2018 for ACA Non-Compliance

September 17, 2018 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

That IRS Letter 226J Could Propose Millions of Dollars in ACA Penalties

August 8, 2018 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

The IRS Storm of Letter 226J ACA Penalty Notices Continues

July 30, 2018 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

ACA Funding Freeze Won’t Impact the ACA’s Employer Mandate

July 25, 2018 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

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
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
More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]

More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]

March 12, 2018 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

ACA Employer Mandate Poses IRS and US GAAP Complications

February 26, 2018 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

After Settlement Rejected, Dave & Buster’s Court Case Continues

February 21, 2018 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

Less Than 30 Days to First IRS Filing Deadline for 2017 ACA Information

February 5, 2018 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

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
Tax Reform Bills Keep ACA Employer Mandate Intact

Tax Reform Bills Keep ACA Employer Mandate Intact

December 14, 2017 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

IRS Penalties for ACA Non-Compliance Can Be Costly

December 13, 2017 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]

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 Provides Information on Responding to Letter 226J

IRS Provides Information on Responding to Letter 226J

December 5, 2017 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
Another Sign That the IRS is Moving Forward with Enforcing ACA Compliance

Another Sign That the IRS is Moving Forward with Enforcing ACA Compliance

August 21, 2017 Letters released this month by the IRS continue to point to the agency moving forward with its plans to enforce the Affordable Care Act (ACA). The IRS has indicated it Read More