In a rather surprising turn of events, the IRS released proposed regulations that add an automatic extension to the furnishing deadline of the ACA’s 1095-C and 1095-B forms. Under the …
IRS Section 4980H
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Affordable Care ActIRS 226J/226-J
Two Errors That Are Triggering ACA Employer Shared Responsibility Payments from the IRS
by Robert Sheenby Robert SheenSome trends are emerging on what is triggering the IRS to issue Letter 226J notices to organizations. Since November, the IRS has been sending notices to organizations that failed to …
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Affordable Care ActIRS
Update on IRS Penalties for Employers That Fail to File ACA-Mandated Information
by Robert Sheenby Robert SheenYou can expect to see a slight increase in IRS penalties related to the Affordable Care Act for the 2018 and 2019 tax filing seasons, which reflect reporting for the …
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Affordable Care ActIRS
IRS Roundup: What You Need to Know About the IRS and the Affordable Care Act
by Robert Sheenby Robert SheenOver the past few months, the IRS has been moving forward with preparations for the ACA-mandated filings for the 2017 tax reporting year. Here’s what we know so far about …
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Affordable Care Act
New White House Executive Order Doesn’t Change ACA Employer Mandate
by Robert Sheenby Robert SheenThe Executive Order directed at the Affordable Care Act (ACA) that was signed by President Trump last week addresses three areas he claims will expand healthcare choices to Americans. The …
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ACA ReportingIRS
IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]
by Robert Sheenby Robert SheenThe 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 …
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ACA ReportingIRS
IRS Issues New ACA Forms for 2017 Tax Year [NEW REPORT]
by Robert Sheenby Robert SheenThe 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 …
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ACA ReportingIRS
IRS Reveals 2017 Average National Monthly Premium Needed to Calculate Individual Taxpayer Penalties for ACA
by Robert Sheenby Robert SheenThe IRS has issued the 2017 Average National Monthly Premium of bronze-level qualified health plans for both individuals and shared responsibility families of five or more. That figure is the …
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ACA ComplianceIRS
Another Sign That the IRS is Moving Forward with Enforcing ACA Compliance
by Robert Sheenby Robert SheenLetters released this month by the IRS continue to point to the agency moving forward with its plans to enforce the Affordable Care Act (ACA). The IRS has indicated it …
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ACA ReportingIRS
Draft IRS ACA Reporting Forms for 2017 Are Out, Transition Relief for Companies Is Over
by Robert Sheenby Robert SheenThe 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: …
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Affordable Care ActLegislation
Updated Better Care Reconciliation Act Released
by Robert Sheenby Robert SheenThe U.S. Senate has released a new, updated draft of the Republican-proposed Better Care Reconciliation Act aimed at winning over Republican Senators who were not enamored of the initially proposed …
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ACA ReportingAffordable Care ActHealth Insurance Exchanges
How to Successfully Appeal an Exchange Notice from the Healthcare Marketplace
by Robert Sheenby Robert Sheen– Op-Ed published on April 7, 2017 on ‘Accounting Today’ – Some companies across the country may have experienced receiving exchange notices from the health insurance marketplace informing them they …