Avoid These ACA Filing Errors to Prevent Getting IRS Letter 226J Year After Year

Avoid These ACA Filing Errors to Prevent Getting IRS Letter 226J Year After Year

April 3, 2019 5 minute read: They say insanity is doing the same thing over and over expecting different results. We’ve seen many employers repeatedly make the same mistakes in their annual ACA Read More
The Signs Were There for IRS’s ACA Enforcement

The Signs Were There for IRS’s ACA Enforcement

March 18, 2019 5 minute read: One of the more complex sections of the Affordable Care Act is the Employer Shared Responsibility Provisions, also referred to as the ACA Employer Mandate. Under the Read More
Hey Accountants, the IRS is Coming for Your Clients

Hey Accountants, the IRS is Coming for Your Clients

March 11, 2019 3 minute read: Originally published on March 6, 2018, in Accounting Today. Lost amid the confusion of the federal government shutdown this year was a new set of penalties the Read More
Deadline to Furnish ACA Form 1095-C is Today

Deadline to Furnish ACA Form 1095-C is Today

March 4, 2019 2 minute read: Will you make it? The deadline for employers to distribute 1095-C forms to their full-time workforce is today, March 4. This deadline applies to employers with 50 Read More
Trump Tries to Change the ACA but Not the Employer Mandate

Trump Tries to Change the ACA but Not the Employer Mandate

February 27, 2019 2 minute read:  President Trump has made some administrative changes to the Affordable Care Act. None of these changes, however, affect the law’s Employer Mandate. These changes include State Relief Read More
IRS ISSUES ACA 2018 FORMS 1094-C AND 1095-C, INSTRUCTIONS, AND 226J FOR 2016

IRS ISSUES ACA 2018 FORMS 1094-C AND 1095-C, INSTRUCTIONS, AND 226J FOR 2016

October 29, 2018 1 minute read: The IRS has released the final 1094/1095-C schedules and reporting instructions for the 2018 tax year, to be filed and furnished in 2019. You can find the Read More
IRS Letter 226J Penalty Notices for 2016 May Contain Higher Penalties

IRS Letter 226J Penalty Notices for 2016 May Contain Higher Penalties

October 1, 2018 5 minute read:  Starting this fall, employers should expect Letter 226J penalty notices to be issued to organizations determined by the IRS to have failed to comply with the Affordable Read More
IRS Letter 5699 Laying the Groundwork for Issuing Letter 226J Notices for 2016 ACA Reporting Year

IRS Letter 5699 Laying the Groundwork for Issuing Letter 226J Notices for 2016 ACA Reporting Year

August 22, 2018 2 minute read: As the IRS continues to issue Letter 226J penalty notices to organizations determined by the IRS to have failed to comply with the Affordable Care Act (ACA) Read More
These Errors Greatly Determine Your Penalty Assessment in IRS Letter 226J

These Errors Greatly Determine Your Penalty Assessment in IRS Letter 226J

June 25, 2018 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

Latest TIGTA Report: ACA Penalties to Continue

June 20, 2018 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

Proposed Farm Bill Another Attempt to Undermine ACA

June 18, 2018 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
IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]

May 14, 2018 3 minute read: The evidence continues to mount that the employer mandate in the Affordable Care Act is not going away soon, if ever. And the process of the IRS Read More
TIN Validation Errors with the IRS Can Affect ACA Compliance

TIN Validation Errors with the IRS Can Affect ACA Compliance

May 9, 2018 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
New CMS Rule Keeps ACA Employer Mandate Intact

New CMS Rule Keeps ACA Employer Mandate Intact

April 18, 2018 3 minute read: The Center for Medicare and Medicaid (CMS) has issued a final rule to expand short-term insurance options for Americans as part of the federal government’s continuing campaign Read More
File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties

File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties

March 28, 2018 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

Time to Check Your Work with IRS ACA Filing Deadline Approaching

March 19, 2018 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
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
How to Respond to IRS Letter 226J About Affordable Care Act Penalties

How to Respond to IRS Letter 226J About Affordable Care Act Penalties

November 13, 2017 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
IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

October 10, 2017 The IRS has followed the release of the 2017 forms for filing Affordable Care Act (ACA)-mandated information with the IRS for the 2017 tax year with the instructions for the Read More
IRS Issues New ACA Forms for 2017 Tax Year [NEW REPORT]

IRS Issues New ACA Forms for 2017 Tax Year [NEW REPORT]

October 3, 2017 The IRS continues to prepare for employers to file ACA-mandated information with the IRS for the 2017 tax year. The IRS is now making the new Form 1094-C and Form Read More
Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over

Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over

August 7, 2017 The IRS has released drafts of forms 1094-C and 1095-C for use in reporting ACA-mandated information for the 2017 tax year. You can view the draft forms at these links: Read More
IRS Still Moving Forward with ACA Compliance Enforcement for Employers

IRS Still Moving Forward with ACA Compliance Enforcement for Employers

July 10, 2017 The 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. Read More
ACA Reporting And The IRS: What To Know About The Letter You Received

ACA Reporting And The IRS: What To Know About The Letter You Received

January 30, 2017 At the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Read More
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

January 5, 2017 A round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine Read More
New Instructions For Forms 1094-C and 1095-C: An Infographic

New Instructions For Forms 1094-C and 1095-C: An Infographic

November 8, 2016 As the IRS released the final forms for 2016 Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 2016 Form 1095-C (Employer-Provided Health Insurance Offer and Read More
Updated Forms 1094-C And 1095-C Are Here

Updated Forms 1094-C And 1095-C Are Here

October 24, 2016 The IRS has released the final updated Forms 1094-C and 1095-C,and while there aren’t many modifications, there are some changes of note. As you probably already know, Form 1094-C is Read More
More Tips On Avoiding Penalties During ACA Information Reporting

More Tips On Avoiding Penalties During ACA Information Reporting

September 27, 2016 Employers have lost a significant margin of error when it comes to ACA information reporting in 2016. As previously discussed, as the good faith standard for incomplete or inaccurate reporting Read More
A Loss Of “Good Faith”

A Loss Of “Good Faith”

September 26, 2016 The IRS has revealed some more drafts for their 2016 reporting forms, and already things have changed. You may recall in an earlier ACA Times article where the topics of Read More
IRS Brings More Updates To Forms For 2017

IRS Brings More Updates To Forms For 2017

September 8, 2016 With ACA reporting deadlines approaching soon, the IRS has issued draft updates to forms 1094-C and 1095-C which large employers must use to report on certain health plan information to Read More
The ACA’s 2016 Reporting Forms Are Changing: View The IRS Drafts

The ACA’s 2016 Reporting Forms Are Changing: View The IRS Drafts

August 25, 2016 Over the past two months, the IRS has gradually rolled out ACA reporting forms for 2016. So far? 1094-B and 1095-B have been changed, as well as 1094-C and 1095-C. Read More
Understanding Form 1095-C And What To Do About Errors

Understanding Form 1095-C And What To Do About Errors

August 8, 2016 For many employers,Form 1095-C is a new document. It is the Employer-Provided Health Insurance Offer and Coverage form, used to report that you have offered health care to full-time employees. Read More
Don’t Make 2015’s Mistakes In 2016

Don’t Make 2015’s Mistakes In 2016

July 27, 2016 The June 30, 2016 deadline for employers to file their applicable 2015 health care tax return with theIRShas passed.For many employers, the damage is done.Skipped deadlines, misclassifications, and ignoring of Read More
IRS Releases Final Reporting Forms

IRS Releases Final Reporting Forms

September 21, 2015 As get ready to file 2015 reports required by the Act, the Internal Revenue has released the final for submitting these reports, along with instructions for them. For reports filed Read More