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Tag "IRS Letter 226J"
Expect Greater Scrutiny and Audits from IRS Staff on ACA Compliance
4 minute read: The IRS staff is preparing a new round of IRC 4980H penalty assessments to be issued to employers for failing to comply with the requirements of the Read More
IRS Limiting Length of Extensions for Responding to ACA Penalty Notices
3 minute read: Employers that receive IRS Letter 226J penalty notice for failing to comply with the Affordable Care Act will be limited to one 30-day extension for each IRS Read More![How to Respond to IRS Letter 226J for the 2017 Tax Year [INFOGRAPHIC]](https://acatimes.com/wp-content/uploads/AdobeStock_125494126_1280px-269x180_c.jpg)
How to Respond to IRS Letter 226J for the 2017 Tax Year [INFOGRAPHIC]
1 minute read: IRS staff has confirmed that the IRS is issuing Letter 226J penalty notices for the 2017 tax year. If you receive a Letter 226J, you have 30 Read More
Monthly ACA Compliance Can Help Employers Avoid IRS Penalties
4 minute read: As the IRS begins rolling out a new round of ACA penalty notices this month, we can’t stress enough how important it is to assess your compliance Read More![Get Ready! More IRS Letter 226J ACA Penalty Notices Are on the Way [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_63347972_1280pxx-269x180_c.jpg)
Get Ready! More IRS Letter 226J ACA Penalty Notices Are on the Way [UPDATE]
3 minute read: IRS staff is expected to start issuing Affordable Care Act penalty notices for the 2017 tax year this month. This comes on the heels of a final Read More
IRS Sending New ACA Penalty Notices for 2017 Tax Year
3 minute read: The IRS has started issuing new penalty notices to employers that failed to file forms 1094-C and 1095-C with the federal tax agency or furnish 1095-C forms Read More
Suggestions on Responding to IRS 6721/6722 ACA Penalties
3 minute read: In late 2018, the IRS began issuing ACA penalties under IRC 6721/6722 to employers that failed to distribute 1095-C forms to employees and to file 1094-C and Read More
New Jersey Plans to Create Statewide Health Exchange
3 minute read: New Jersey will administer its own statewide health exchange marketplace starting in 2021. As a result, the state will no longer operate under the federal health exchange. Read More![More Suggestions on Responding to IRS Letter 226J [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_171017844_1280px-269x180_c.jpg)
More Suggestions on Responding to IRS Letter 226J [UPDATE]
3 minute read: The IRS has issued more than $4.5 billion in penalties to employers that failed to comply with the Affordable Care Act’s Employer Mandate for the 2015 tax Read More
An ACA Penalty Risk Assessment May Help School Districts Avoid IRS Penalties
4 minute read: The Affordable Care Act is complex and complying with the law’s Employer Mandate can be challenging for school districts. We had that confirmed in recent conversations at Read More
Employers Must Correct IRS Errors to Avoid ACA Penalties
3 minute read: We are all human, including the people who work at the IRS. And like all of us, sometimes they make mistakes. The only difference is that errors Read More
Submit ACA Corrections Now to Avoid IRS Penalties
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
ACA Compliance Still Confusing to Employers
5 minute read: Employers are still confused with how to comply with the Affordable Care Act, and continue to hide their heads in the sand about the real risk of Read More
These Industries Are at Risk for ACA Penalties from the IRS
3 minute read: The home healthcare, staffing, restaurant and construction industries are under fire from the IRS for failing to comply with the Affordable Care Act. Companies within these industries Read More
Deadline to Furnish ACA Form 1095-C is Today
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
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![Mark These 2019 Dates for 2018 ACA Reporting [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_79568047_1280px-269x180_c.jpg)
Mark These 2019 Dates for 2018 ACA Reporting [UPDATE]
5 minute read: Every year, the IRS requires employers to submit important ACA information to the agency and their employees. Here are some important dates to keep in mind for Read More
Contact IRS Staff About Your Letter 226J
2 minute read: IRS staff continue to work to get current on a backlog of activities that resulted from the recent federal government shutdown. As mentioned in a previous blog Read More![IRS Limited Non-Assessment Periods May Help Avoid ACA Penalties [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_70130900_1280px-269x180_c.jpg)
IRS Limited Non-Assessment Periods May Help Avoid ACA Penalties [UPDATE]
4 minute read: The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time consuming. An Read More
Provide ACA Information by IRS Deadlines to Avoid Penalties
4 minute read: The IRS has released Revenue Procedure 2018-57, which highlights the penalty rates associated with failing to provide ACA information by IRS deadlines for the 2019 tax year, Read More![ACA Reporting Requirements [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_198040831_1280px-269x180_c.jpg)
ACA Reporting Requirements [UPDATE]
7 minute read: It’s always interesting to look back and see how regulation develops. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA Read More
What Employers Need to Know About the ACA (UPDATE)
7 minute read: It’s always interesting to look back and see how regulation develops. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA Read More
ACA Support May Dictate Midterm Election Results
2 minute read: Americans across the country will report to their respective poll places to cast their ballots in the midterm elections on November 6, and the issue of healthcare Read More
IRS ISSUES ACA 2018 FORMS 1094-C AND 1095-C, INSTRUCTIONS, AND 226J FOR 2016
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![How to Respond to IRS Letter 226J for the 2016 Tax Year [INFOGRAPHIC]](https://acatimes.com/wp-content/uploads/AdobeStock_211581500_1280px-269x180_c.jpg)
How to Respond to IRS Letter 226J for the 2016 Tax Year [INFOGRAPHIC]
1 minute read: IRS staff has confirmed that the agency will begin issuing Letter 226J penalty notices for the 2016 tax year in the next few weeks. If you receive Read More
IRS Letter 226J for 2016 “In the Mail”
3 minute read: It’s confirmed. The IRS will begin issuing Letter 226J for the 2016 tax year in the next few weeks. IRS staff has indicated that the penalty notices Read More
ACA Popularity Remains Strong as Midterms Approach
2 minute read: The midterm elections are less than a month away on November 6. With an estimated 20 million Americans at risk of losing health coverage if the ACA Read More
Expect the IRS to Start Issuing ACA Penalties for 2016 Tax Year in November
3 minute read: As November approaches, two things seem certain. There will be national midterm elections and the IRS will begin issuing Letter 226J penalty notices to employers identified as Read More
Is Your Organization an ALE? (UPDATE)
4 minute read: It’s always interesting to look back and see how regulation develops. The Affordable Care Act (ACA) is no exception. I wrote a five-part series about the ACA Read More
Insurers Plan ACA Expansion for 2019
2 minute read: There has been a lot of talk about the future of the Affordable Care Act (ACA). With the midterm elections coming soon, Americans have stated that healthcare Read More![The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_89546231_1280px-269x180_c.jpg)
The Affordable Care Act, and Why You Can’t Afford to Ignore It [UPDATE]
5 minute read: It’s always interesting to look back and see how the contours of a law changes in time. The Affordable Care Act (ACA) is no exception. I wrote Read More
IRS Letter 5699 Laying the Groundwork for Issuing Letter 226J Notices for 2016 ACA Reporting Year
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
Midterm Elections Won’t Affect the Employer Mandate
2 minute read: Since President Trump took office, a top priority has been to repeal and replace the Affordable Care Act (ACA) and his administration continues its attempts to undermine Read More
More States Move Forward with Reinsurance Programs
3 minute read: The Trump administration has made repealing and replacing the Affordable Care Act a top priority. What’s interesting, however, is that as the White House continues to undermine Read More
That IRS Letter 226J Could Propose Millions of Dollars in ACA Penalties
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
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
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
More Americans Paying for ACA Health Plans
2 minute read: It’s no secret that replacing the law is a top priority for President Trump and a majority of Republicans in Congress. Recent data from the Centers for Read More
ACA Compliance Is a Summer To Do Item
3 minute read: Ah, summertime and the living is easy. Before you pack your bags and head to the beach for vacation, make sure your ACA process is in tip-top Read More
How to Handle ACA Filing Corrections with the IRS
3 minute read: If you found yourself in a situation where you received receipt of your ACA information returns for 2017 with a status of “Accepted with Errors,” you’re not Read More
Owners of Multiple Small Businesses May Need to Comply with the ACA
2 minute read: Understanding the details of the employer shared responsibility provisions under the Affordable Care Act (ACA) can be difficult. One of the first steps is determining whether or Read More
Update to IRS 226J Infographic Now Includes IRS Letter 227
1 minute read: The Affordable Care Act (ACA) is complex. The ACA Penalty Process now being initiated by the IRS is no exception. With 30 days to respond upon receipt Read More
1094-C/1095-C Audit Can Prevent IRS ACA Penalties
3 minute read: If your organization has met the deadline to file and furnish schedules 1094-C and 1095-C to the IRS for Affordable Care Act reporting for the 2017 tax Read More![ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_139632255_1280px-269x180_c.jpg)
ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]
5 minute read: The many false starts of the Republican-led effort to dismantle the Affordable Care Act (ACA), along with the Trump administration’s continued efforts to undermine the healthcare law, Read More
File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties
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
It’s Crunch Time! IRS Deadlines for ACA Informational Filings Start Today
It can sneak up on employers quickly. Today is the IRS deadline for employers to provide paper filings of forms 1094-C and 1095-C as part of the required ACA information Read More![Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_154583992_1280px-269x180_c.jpg)
Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]
The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
Online ACA Resource Center Offers Free Information to Aid 2017 IRS Filings
Through The ACA Times, we regularly provide information that we hope has helped make it easier for organizations to deal with the complexities of the Affordable Care Act (ACA). We Read More![Calculating FT and FTE Employees [UPDATED]](https://acatimes.com/wp-content/uploads/AdobeStock_26565678_1280px-269x180_c.jpg)
Calculating FT and FTE Employees [UPDATED]
As part of their annual filing of healthcare coverage information with the IRS, organizations must determine if they are Applicable Large Employers (ALEs) for purposes of the Affordable Care Act Read More
