It’s no secret the IRS is ramping up ACA enforcement. With additional funding for improving its tax correspondence processing infrastructure, more staff than ever, and a renewed focus on compliance, …
Internal Revenue Code (IRC) Section 4980H
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The IRS recently announced the ACA affordability percentage for the 2022 tax year and with that information comes speculation around the Employer Mandate’s IRC Section 4980H(a) and (b) penalty amounts …
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Several health carriers are experiencing growth because of the recent Affordable Care Act advancements. Most notably is CVS Health Corp. and its affiliated health insurance business, Aetna. Last week the …
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Affordable Care Act
IRS Issues Draft ACA Reporting Instructions for 2021
by Robert Sheenby Robert SheenThe IRS recently released its draft 1094-C and 1095-C instructions for the 2021 tax year. We’ve identified the changes below. It appears that Form 1094-C will remain the same, but …
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3 min read The Supreme Court case in which the Justices consider whether the Affordable Care Act is unconstitutional without the Individual Mandate will see a judicial decision any day …
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ACA ComplianceACA DeadlineACA Reporting
ACA State Reporting Deadline for California is May 31
by Robert Sheenby Robert SheenMay 31 is the deadline for self-insured employers and health insurance carriers to submit applicable ACA information to the California Franchise Tax Board (FTB) for the 2020 tax year. The …
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3 minute read: The IRS has begun issuing Letter 5005-A, Information Return Penalty Notice (Form 1094-C or 1095-C) (“Letter 5005-A”), for the 2017 tax year, demonstrating their efficiency at identifying …
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ACA ReportingIRS
Less Than 30 Days to First IRS Filing Deadline for 2017 ACA Information
by Robert Sheenby Robert SheenWe 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 …
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Affordable Care ActAmerican Health Care Act (AHCA)
Featured Press: 3 Issues For Business As The U.S. Senate Tackles Trumpcare
by Robert Sheenby Robert SheenOp-Ed originally published in The Business Journals. After some false starts, Republicans in the U.S. House of Representatives finally passed the American Health Care Act (AHCA), as amended, the first step …
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Affordable Care ActHealth Care Coverage
GOP Health Care Bill Now Faces Uphill Battle in Senate
by Robert Sheenby Robert SheenToday, with a vote count of 217 for and 213 against, the heavily Republican majority House passed the amended American Healthcare Act (AHCA). This rushed vote came with less than …