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 …
Letter 226J
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Affordable Care ActIRS 226J/226-J
IRS Letter 226J Notices for 2015 Tax Year May Be Issued Through 2019
by Robert Sheenby Robert Sheen3 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 …
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Affordable Care ActIRS 226J/226-J
Exchange Notices Can Lead to IRS Letter 226J ACA Penalties
by Robert Sheenby Robert Sheen3 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 …
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Affordable Care ActIRS 226J/226-J
Update to IRS 226J Infographic Now Includes IRS Letter 227 [UPDATED]
by Robert Sheenby Robert Sheen2 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 …
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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 …
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ACA Compliance
Association Health Plans Don’t Help Larger Employers with ACA Compliance
by Robert Sheenby Robert Sheen3 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 …
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Affordable Care Act
Despite Presidential Rhetoric, ACA Employer Mandate Still Here
by Robert Sheenby Robert Sheen2 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 …
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Affordable Care ActHealth Care CoverageMedicaid
Medicaid Expansion Supports ACA Popularity
by Robert Sheenby Robert Sheen2 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 …
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ACA ComplianceACA ReportingIRS 226J/226-J
These Errors Greatly Determine Your Penalty Assessment in IRS Letter 226J
by Robert Sheenby Robert Sheen3 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 …
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Affordable Care ActTIGTA
Latest TIGTA Report: ACA Penalties to Continue
by Robert Sheenby Robert Sheen4 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 …
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ACA ComplianceAffordable Care ActHealth Care Coverage
Proposed Farm Bill Another Attempt to Undermine ACA
by Robert Sheenby Robert Sheen3 minute read: It’s well known that the Trump administration is doing all it can to undermine the Affordable Care Act. The recent decision by the federal Justice Department to …
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Affordable Care Act
Feds Confirm Their Own ACA Emergency Care Cost Guidelines
by Robert Sheenby Robert Sheen4 minute read: It comes as no surprise that many organizations have had difficulty keeping up with the Affordable Care Act (ACA). Whether complying with the regulations under the employer …
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Affordable Care Act
ACA Backlash: Two States Create Their Own Individual Mandates
by Robert Sheenby Robert Sheen3 minute read: The Trump Administration effectively repealed the Affordable Care Act’s individual mandate when it made the penalties for an individual not obtaining healthcare $0 beginning 2019. What seemed …
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Health Care Coverage
Proposed California Bill Puts the State in Charge of Healthcare Costs
by Robert Sheenby Robert Sheen2 minute read: As the current White House and Congressional Republicans continue to snipe at the Affordable Care Act, some states are taking action to shore up the federal healthcare …
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ACA ReportingAffordable Care ActIRS
IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]
by Robert Sheenby Robert Sheen3 minute read: The evidence continues to mount that the employer mandate in the Affordable Care Act is not going away soon, if ever. And the process of the IRS …
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ACA Compliance
TIN Validation Errors with the IRS Can Affect ACA Compliance
by Robert Sheenby Robert Sheen2 minute read: A recent blog post from Robert Sheen discussed the IRS’s continuing efforts to enforce the Affordable Care Act’s employer mandate. On an annual basis, )applicable large employers …
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Affordable Care ActHealthcare
ACA and Healthcare Grow in Popularity as Midterms Draw Near
by Robert Sheenby Robert Sheen2 minute read: Studies show that voters have prioritized healthcare as a top issue to be addressed in the upcoming 2018 midterm elections in November. For the first time in …
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Affordable Care Act
Keep Tabs on Seasonal Workers and Employees to Avoid ACA IRS Penalties
by Robert Sheenby Robert Sheen3 minute read: Fast forward to summer 2020. You’re taking a nice stroll along the beach, not a care in the world. You feel your phone vibrate and notice you’re …
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ACA ReportingAffordable Care ActIRS
ACA Employer Mandate Poses IRS and U.S. GAAP Complications
by Robert Sheenby Robert Sheen4 minute read: Originally published on April 18,2018, in Accounting Today. In most organizations, the task of ensuring compliance with the Affordable Care Act lies with the Human Resources team. …
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ACA ComplianceAffordable Care Act
New CMS Rule Keeps ACA Employer Mandate Intact
by Robert Sheenby Robert Sheen3 minute read: The Center for Medicare and Medicaid (CMS) has issued a final rule to expand short-term insurance options for Americans as part of the federal government’s continuing campaign …
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Affordable Care ActIRS
Advisers, Beware These Two Letters from the IRS
by Robert Sheenby Robert Sheen4 minute read: Originally published on April 4, 2018 in Employee Benefit Adviser. Advisers beware: Affordable Care Act penalties are being assessed by the IRS and the enforcement process is …
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Affordable Care Act
Organizations Ignoring the ACA are at Financial Risk
by Robert Sheenby Robert Sheen5 minute read: It’s hard to believe, but many organizations continue to be in denial about their need to comply with the Affordable Care Act (ACA). Time and time again …
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ACA ComplianceACA ReportingIRS
Time to Check Your Work with IRS ACA Filing Deadline Approaching
by Robert Sheenby Robert Sheen3 minute read: The April 2 deadline is fast approaching for filing information related to the Affordable Care Act (ACA). Credit to your organization if it’s putting the finishing touches …
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Affordable Care ActIRS
More Signs Pointing to Continued IRS Enforcement of the ACA [UPDATE]
by Robert Sheenby Robert SheenAs we look forward to the start of spring, all signs are pointing to the IRS continuing its efforts to enforce the Affordable Care Act (ACA). A new wave of …
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Affordable Care ActIRS
ACA Employer Mandate Poses IRS and US GAAP Complications
by Robert Sheenby Robert SheenYou would think it would go without saying, but let’s say it. The Affordable Care Act (ACA) and its employer mandate have tax and financial implications. And that means it’s …
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ACA ComplianceLawsuits
After Settlement Rejected, Dave & Buster’s Court Case Continues
by Robert Sheenby Robert SheenThe class action lawsuit filed in federal courts in New York’s Southern District against entertainment and restaurant chain Dave & Buster’s is continuing after the judge in the case rejected …
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Affordable Care ActHealth Care CoverageHealth Insurance Marketplace
2018 Affordable Care Act Enrollment Shows Marketplace Stabilizing
by Robert Sheenby Robert SheenThe Centers for Medicare and Medicaid Services (CMS) plan to release a more detailed 2018 enrollment report in March for the recent open enrollment under the Affordable Care Act, including …
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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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ACA ComplianceEmployee Misclassification
Worker Misclassification Can Impact ACA Compliance
by Robert Sheenby Robert SheenOn December 31, 2017, the North Carolina Employee Fair Classification Act (EFCA) took effect. The new law allows for heightened investigations into those employers that are allegedly misclassifying their workers …
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ACA ComplianceAffordable Care ActIRS
IRS Extension of Good Faith Relief is Good and Bad News
by Robert Sheenby Robert SheenAs the saying goes, I have some good news and some bad news. For the good news, the IRS has extended good faith relief for information-reporting requirements for the Affordable …
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ACA ComplianceTax Reform
ACA Individual Mandate is Set to be Gone, but Desire for Health Insurance Remains
by Robert Sheenby Robert SheenAs part of tax reform legislation passed by Congress, the individual mandate provision in the ACA requiring every American citizen to obtain health insurance or pay an annual financial penalty …
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Affordable Care ActIRS
The IRS Issues Guidance on the ACA’s Individual Mandate While Congress Looks to Repeal It
by Robert Sheenby Robert SheenDuring 2017, the IRS has steadfastly avoided being swayed by the political breezes, even when they seemed to reach hurricane-level velocity. When President Trump and Republicans in Congress were readying …
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Affordable Care ActTax Reform
Tax Reform Bills Keep ACA Employer Mandate Intact
by Robert Sheenby Robert SheenThrowback Thursday Feature from Wednesday, December 6, 2017. When the U.S. House and Senate Republicans meet in conference to discuss how they will reconcile their two different tax reform legislations, among …
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The IRS has announced the penalty amounts for companies with 50 or more full-time or full-time equivalent employees that do not comply with the Affordable Care Act (ACA) for the …
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Affordable Care ActIRS 226J/226-J
IRS Provides Information on Responding to Letter 226J
by Robert Sheenby Robert SheenThe IRS has posted information on its website regarding Letter 226J, the initial letter issued to Applicable Large Employers (ALEs) – those organizations with 50 or more full-time or full-time …
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Affordable Care ActIRS
Are Your Clients Ready for the IRS’s ACA Penalty Assessments?
by Robert Sheenby Robert SheenOriginally published on November 21, 2017 in “Accounting Today” The IRS has been sending signals since the summer that it will be enforcing the Affordable Care Act’s employer mandate. Those signals …