ACA Penalties Are Increasing in 2022

ACA Penalties Are Increasing in 2022

January 20, 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

Remember, No Good Faith Transition Relief This Year

December 16, 2021 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

Distribute Forms 1095-C by IRS Deadlines to Avoid ACA Penalties

February 3, 2020 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

How to Claim Good-Faith Transition Relief From IRS Penalty Assessments

January 22, 2020 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
ACA Penalties For Missing Information? Maybe Not, If You Act Responsibly

ACA Penalties For Missing Information? Maybe Not, If You Act Responsibly

September 7, 2016 At the close of July, the IRS issued proposed regulations around the filing of forms 1094 and 1095. Under IRC 6055, certain large employers must file information returns 1094 and Read More