back to homepage
Tag "IRS"
IRS Enforcement of the ACA Not Wavering
2 minute read: Give the IRS credit. It is consistent. In 2017, the federal tax agency responded to an inquiry about waivers to business owners from U.S. House Representative Bill Read More
IRS Issues Letter 972CG to Employers for Late ACA Filings
4 minute read: The IRS has started to issue ACA penalties to employers who have filed their annual ACA information past IRS deadlines, another sign that the IRS is further Read More
Expect Increased IRS Penalties in 2019 for ACA Non-Compliance
3 minute read: Expect to see increased ACA penalties for employers that do not comply with the ACA in the 2019 tax year. Here’s how the anticipated ACA penalties for Read More
The IRS Is Intensifying ACA Enforcement Efforts
3 minute read: Originally published on August 7, 2019, in Accounting Today. Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce Read More
A Late Response to IRS Letter 226J Could Cost You
2 minute read: Responding to IRS Letter 226J penalty assessments quickly and accurately is very important for a number of reasons, including reducing or eliminating the proposed penalty assessment. But Read More
We Answer Your ACA Employer Mandate Questions
3 minute read: We hosted an ACA webinar in July with HR.com, and were asked several questions relating to the ACA’s Employer Mandate. The answers are now available on our Read More
Penalties for the 2019 Tax Year Are Higher Than Ever
3 minute read: The IRS has not let up with issuing ACA penalties to employers identified as having failed to comply with the law’s Employer Mandate. As in past tax Read More![Keep An Eye Out for Letter 5699 [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_205359041_1280px-269x180_c.jpg)
Keep An Eye Out for Letter 5699 [UPDATE]
3 minute read: It’s summer, but we can expect a blizzard of ACA notices and penalty assessments being sent by the IRS as the tax agency steps up its ACA Read More![Trump Tries to Change the ACA, But Not The Employer Mandate [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_71101565_1280px-269x180_c.jpg)
Trump Tries to Change the ACA, But Not The Employer Mandate [UPDATE]
3 minute read: President Trump announced his intent to make administrative changes to the Affordable Care Act in 2017 as part of this executive order, “Promoting Healthcare Choice and Competition Read More
ACA Compliance is Hot This Summer
4 minute read: The words “Summer” and “vacation” are often paired together. Applicable Large Employers should note that even though their ACA filing responsibilities have likely been satisfied due to Read More
IRS Stepping Up Enforcement of ACA
3 minute read: I frequently meet with insurance brokers, CPAs and business owners who are interested in the latest on the IRS’s efforts to enforce the Affordable Care Act. In Read More
Handling Seasonal Employees and Workers is Critical for ACA Compliance
3 minute read: Unfortunately, we’ve heard first hand from many of our clients that their Affordable Care Act compliance responsibilities tend to slip during the summer months following the push Read More
ACA’s Annual PCORI Fees Are Due to the IRS by the End of July
2 minute read: The annual PCORI fees are due by the end of the month from health insurers and plan sponsors offering self-funded health insurance plans. On July 31, these Read More
Expiring ITINs May Affect ACA Compliance
3 minute read: The IRS has announced that nearly two million ITINs are set to expire in 2019. What does this mean for your business and ACA compliance? We have Read More
Monthly ACA Compliance Can Help Employers Avoid IRS Penalties
4 minute read: As the IRS rolls out Letter 226J penalty notices for the 2017 tax year, those of you who have a monthly compliance process in place to address Read More
California Passes New State-Wide Healthcare Individual Mandate
5 minute read: In early January, I wrote a blog post titled, “Will 2019 Be the Year for Statewide Individual Health Insurance Mandates?” More and more, it is appearing that Read More
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
Data Quality Management Is Key to ACA Compliance
5 minute read: Many of the challenges posed by the Affordable Care Act’s Employer Mandate are inherently data problems. Data quality management is not just an issue for larger employers 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
Triangle of Trust Critical for ACA Compliance
3 minute read: It’s called the Triangle of Trustsm, the intersection of data, analytics and regulatory expertise necessary to move raw data to successful regulatory compliance. Success can only be Read More
Grandmothered ACA Plans Receive Transition-Relief Extension
2 minute read: The U.S. Department of Health and Human Services’ Center for Medicare and Medicaid Services (CMS) has extended the period of non-enforcement for certain non-compliant health policies under 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
CMS Report Shows a Stabilizing ACA
2 minute read: The latest open enrollment period report for the 2019 plan year from the Centers for Medicare and Medicaid Services’ (CMS) shows that the Affordable Care Act marketplace Read More
Reduce IRS Penalty Risk With Monthly ACA Compliance
3 minute read: At this point, if your organization has achieved success in complying with the Affordable Care Act, you understand that it’s no simple undertaking. Chances are, your organization 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
Avoid These ACA Filing Errors to Prevent Getting IRS Letter 226J Year After Year
5 minute read: They say insanity is doing the same thing over and over expecting different results. We’ve seen many employers repeatedly make the same mistakes in their annual ACA 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
The Signs Were There for IRS’s ACA Enforcement
5 minute read: One of the more complex sections of the Affordable Care Act is the Employer Shared Responsibility Provisions, also referred to as the ACA Employer Mandate. Under the Read More
Is Maryland the Next State to Approve an Individual Mandate?
3 minute read: Maryland is getting closer to a state-wide version of an individual mandate that will encourage state residents to purchase health insurance. A bill in the Maryland legislature, Read More
Hey Accountants, the IRS is Coming for Your Clients
3 minute read: Originally published on March 6, 2018, in Accounting Today. Lost amid the confusion of the federal government shutdown this year was a new set of penalties the Read More![Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227 [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_89085465_1280px-269x180_c.jpg)
Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227 [UPDATE]
2 minute read: Your organization has received a Letter 226J tax notice because the IRS says it did not comply with the Affordable Care Act (ACA) on the basis of 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
The IRS’s 1095 Forms for ACA Explained
3 minute read: A number of changes were introduced to the health insurance marketplace with the passage of the Affordable Care Act in 2010. From different reporting forms and instructions Read More
Get to Know the ACA’s Rule of Parity
3 minute read: Without the proper tools or subject matter expertise, tackling the responsibilities of the Affordable Care Act’s Employer Mandate on your own can be overwhelming. This is especially 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
With IRS Staff Back, Expect A Flurry of ACA Penalty Notices
3 minute read: The government shutdown is over, at least for now, and IRS staff is back to work. Get ready for a flurry of Affordable Care Act penalty notices Read More
Distribute 1095-Cs By IRS Deadlines to Avoid Penalties
2 minute read: Every year, the IRS requires employers to furnish the 1095-C schedules to their full-time workforce, in addition to filing them with the tax agency. Failing to do Read More
Electronically Submit your ACA Filings to Avoid IRS Penalties
3 minute read: If you are not yet filing Affordable Care Act information with the IRS, you may want to reconsider. There are some considerable benefits to doing so, including Read More![The IRS is Issuing Penalties for Not Providing 1095-C Forms by IRS Deadlines [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_105359350_1280px-269x180_c.jpg)
