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Tag "IRC 6721"
ACA Penalties Are Increasing in 2022
The IRS penalty amounts for non-compliance of the ACA’s Employer Mandate are again increasing in 2022. Below is a rundown of the new penalty amounts and how the IRS will Read More
Remember, No Good Faith Transition Relief This Year
With the New Year just a few short weeks out, employers should remember that 2020 was the final year for Good Faith Transition Relief. That means filing late or inaccurate Read More
Distribute Forms 1095-C by IRS Deadlines to Avoid ACA Penalties
3 minute read: *updated February 11, 2021 Every year, the IRS requires employers to furnish Forms 1095-C to their full-time workforce, in addition to filing them with the tax agency. Read More
How to Claim Good-Faith Transition Relief From IRS Penalty Assessments
2 minute read: Good-faith transition relief. It’s a term used by the IRS for waiving ACA penalty assessments on employers that can provide legitimate reasons for missing a reporting requirement Read More
