back to homepage
Tag "Letter 226J"
Avoid These Compliance Triggers to Minimize ACA Penalty Risk
With the IRS making significant progress on its historic backlog, employers should prepare for increased enforcement of the ACA Employer Mandates. Under the ACA’s Employer Mandate, employers with 50 or Read More
ACA Enrollment Reaches 35 Million Signups
Following the 2021 tax year, the ACA has garnered the highest number of enrollments it has ever seen. Over 35 million Americans have obtained health coverage because of the ACA, Read More
ACA Penalty Letter 226J on The Rise
The last several years have been difficult for the IRS, but now that the historic backlog has an end date, the agency is making significant progress on a long list Read More
IRS Backlog Expected to Clear By End of 2022
The IRS has made significant progress in the historic backlog it’s still facing, but it still has a long way to go. Chief IRS Commissioner Charles Rettig anticipates clearing the Read More
5 Common ACA Compliance Mistakes Restaurants Make
Over 10 years after the ACA was first signed into law, the reporting requirements under the ACA’s Employer Mandate have proven challenging and time-consuming for most. But quick-service restaurants have Read More
Safe Harbors Prove ACA Affordability and Prevent Penalties (UPDATE)
How do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the ACA? It’s an important question for Applicable Large Employers Read More
IRS Backlog Poses ACA Risk for Employers
The IRS is experiencing a massive mail backlog of unprocessed documents first caused by COVID-19. Included in that backlog of notices are ACA penalty assessments. To help the situation, the Read More
IRS 4980H ACA Penalties Are Forever
The IRS announced that there is no statute of limitations for ACA penalties. What does that mean exactly? Simply put, it means that the ACA non-compliance penalties for any reporting Read More
ACA Employer Penalties Are Real and The IRS Will Be Issuing More
3 min read ACA reporting for the 2021 tax year may not be top of mind for employers right now, but that doesn’t mean you shouldn’t be aware of the Read More
IRS Enforcement of the ACA is Increasing
3 minute read: IRS enforcement of the ACA is going to increase throughout the remainder of the year and well into 2022, as President Biden’s FY 2022 discretionary request alludes Read More
What Happens if You Fail to Pay an ACA Penalty?
Have you ever wondered what would happen if your organization didn’t pay an ACA penalty issued by the IRS? In this post, Trusaic explains what you need to know about Read More
How The Raise the Wage Act Could Impact ACA Compliance
3 minute read: The Congressional Budget Office (CBO) issued a report last month that outlines the budgetary effects on American employment if the Raise the Wage Act of 2021 is Read More
The IRS is Issuing ACA Penalty Letter 226J for 2018
3 minute read: The IRS has begun to issue Letter 226J penalty assessments to employers that failed to comply with the ACA’s Employer Mandate for the 2018 tax year. If Read More
Employers May Face Additional Challenges with 2020 ACA Reporting
3 minute read: With the 2020 ACA filing deadlines fast approaching, employers will be met with additional reporting challenges due in large part to the COVID-19 pandemic. From determining full-time Read More
Biden’s Affordable Care Act Advancements are Underway
3 minute read: Since the Biden Administration took office a few weeks ago, changes to help bolster the Affordable Care Act are already underway. President Joe Biden has already signed Read More
California Individual Mandate Penalties Will be Issued in 2021
State residents of California who failed to obtain health coverage during the 2020 tax year could see a penalty notice from the state as a part of the Individual Mandate. Read More
ACA Improvements to Expect from the Biden Administration
3 minute read: The inauguration welcoming president-elect Joe Biden to the White House is imminent and with the recent shift in majority control of the Senate, we can expect a Read More
Biden’s ACA Enhancements Could Create Challenges For Employers
2 minute read: President-elect Joe Biden’s term will begin in a few short months and as he promised during his campaign, there will be a number of advancements made to Read More
ACA Employer Mandate Penalties Increasing in 2021
3 minute read: Earlier this year, the IRS issued the 2021 employer mandate penalties under IRC 4980H(a) and 4980H(b). It should come as no surprise that the penalty amounts have Read More
ACA Likely to Remain Following Supreme Court Oral Arguments
3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. Read More
Election Day Recap and Potential ACA Changes
3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 Read More
Lower ACA Premiums Heading into Open Enrollment for 2021
3 minute read: The Healthcare.gov open enrollment period for the 2021 tax year will begin on November 1, 2020, and will run through December 15. Surprisingly, premiums are down and Read More
Possible ACA Outcomes If Joe Biden Is Elected in November
2 minute read: With the 2020 presidential election a few short weeks out, it’s incredibly important that voters understand what Joe Biden versus Donald Trump will do to the ACA 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![The Triangle of Trust Is Critical for ACA Compliance [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_166935101_1280px-269x180_c.jpg)
The Triangle of Trust Is Critical for ACA Compliance [UPDATE]
3 minute read: Creating the optimal alignment of data, regulatory expertise and software is critical in achieving ACA compliance. We call this principle the Triangle of TrustSM. This principle has Read More
New Jersey Issues Employer Guidance on State-Level ACA Reporting
2 minute read: The state of New Jersey has issued information for employers on third-party reporting to support the state’s new individual healthcare mandate. Employers with employees in New Jersey 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
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
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
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
Latest Court Ruling Will Not Stop ACA Enforcement
3 minute read: Here we go again. Another attack on the Affordable Care Act that will cause employers to think that the law and its Employer Mandate to provide health Read More
More Insurers Will Participate in the ACA Marketplace in 2019
3 minute read: It was predicted that the health insurance marketplace would be turned upside down with the individual mandate penalty effectively reduced to $0 beginning January 1,2019. However, that Read More
ACA Compliance Doesn’t Have to Burden HR Staff
5 minute read: Human Resources staff have a difficult job. They help keep their organizations running smoothly by ensuring, to the greatest degree possible, that the employer is in compliance 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
Why You Should Be Concerned that ACA Exchange Notices are Being Issued
2 minute read: The fourth quarter of the 2018 tax year is here, bringing with it record temperatures in many parts of the country. The ACA enforcement process is also Read More
Your ACA Employer Mandate Questions Answered
2 minute read: As subject matter experts with ACA compliance, reporting, and related topics, we often times are asked questions about the law by our readers, which include insurance brokers, Read More
IRS Letter 226J Penalty Notices for 2016 May Contain Higher Penalties
5 minute read: Starting this fall, employers should expect Letter 226J penalty notices to be issued to organizations determined by the IRS to have failed to comply with the Affordable Read More
An ACA Penalty Risk Assessment May Help Employers Avoid IRS Penalties
3 minute read: The Affordable Care Act (ACA) is complex and complying with the law’s Employer Mandate can be challenging for organizations. Under the ACA’s Employer Mandate, Applicable Large Employers Read More
IRS Letter 226J Notices for 2015 Tax Year May Be Issued Through 2019
3 minute read: Employers who have not yet received a 2015 ESRP penalty notice should not breathe a sigh of relief yet. The IRS identified 49,259 employers at risk for Read More
Exchange Notices Can Lead to IRS Letter 226J ACA Penalties
3 minute read: It’s no secret the IRS has been actively enforcing the Affordable Care Act’s Employer Mandate. To date, the IRS has identified a total of 49,259 employers that Read More![Update to IRS 226J Infographic Now Includes IRS Letter 227 [UPDATED]](https://acatimes.com/wp-content/uploads/AdobeStock_205972506_1280px-269x180_c.jpg)
Update to IRS 226J Infographic Now Includes IRS Letter 227 [UPDATED]
2 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
IRS to Continue Issuing ACA Penalties
Originally published on July 26, 2018, in Accounting Today. 3 minute read: The Internal Revenue Service now has the data to begin the analysis to calculate the potential penalties for Read More
Association Health Plans Don’t Help Larger Employers with ACA Compliance
3 minute read: The Affordable Care Act’s employer mandate has been in effect for the past three years and IRS enforcement of the healthcare law has begun. At the same Read More
Despite Presidential Rhetoric, ACA Employer Mandate Still Here
2 minute read: The Trump Administration has been vocal about what it believes are its successful efforts to repeal and replace the Affordable Care Act (ACA). At a recent campaign Read More
Medicaid Expansion Supports ACA Popularity
2 minute read: It’s not a mystery that the Affordable Care Act (ACA) is complex. Since its passage in 2010, the landscape of the healthcare industry and marketplace has changed Read More
These Errors Greatly Determine Your Penalty Assessment in IRS Letter 226J
3 minute read: The issuance of Letter 226J for IRS information filings submitted for the 2015 tax year has caught many organizations off guard. More than 30,000 notices have been Read More
Latest TIGTA Report: ACA Penalties to Continue
4 minute read: The report from the Treasury Inspector General for Tax Administration always has some interesting information. The recently issued report on the Affordable Care Act (ACA) from March Read More
