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Tag "Penalties"
ACA Filing Takeaways for The New Year
The end of the year is officially here and with it, a whirlwind of ACA responsibilities to tend to for the upcoming filing season. To assist you with your ACA Read More
Data Quality Management Is Key to ACA Compliance
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 with multiple Read More![Calculating FT and FTE Employees [UPDATED]](https://acatimes.com/wp-content/uploads/Friday-Repost-FT-_-FTE_BLOG-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
IRS Limited Non-Assessment Periods Help Avoid ACA Penalties
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 area 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 2020 with a status of “Accepted with Errors,” you’re not Read More
IRS Affordability Safe Harbors Help Avoid ACA Penalties
4 minute read: How exactly do employers prove to the IRS that the healthcare plans they are offering to their workforce are affordable under the Affordable Care Act? It’s an Read More
Tis’ The Season to Check the Health of Your Data for ACA Reporting
5 minute read: The end of 2019 is here and that means that if you haven’t done so already, it’s time to get your Affordable Care Act (ACA) filings in Read More
Employers Need to Meet IRS Deadlines to Avoid ACA Penalties
3 minute read: The IRS recently issued an extension for furnishing forms 1094-C and 1095-C to employees for the 2019 tax year, which extends the schedule employers need to keep 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![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
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 Most at Risk for ACA Penalties From the IRS
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 have been shocked 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![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
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![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)
The IRS is Issuing Penalties for Not Providing 1095-C Forms by IRS Deadlines [UPDATE]
2 minute read: The IRS has started to issue a new round of ACA penalties that focus on failure to distribute 1095-C forms to employees and to file 1094-C and Read More
California Carries the Torch for State-Based Individual Mandates
2 minute read: California Governor Gavin Newsom has not wasted time wading into the healthcare debate. The governor has proposed an individual mandate requiring all California residents to obtain health Read More
Will 2019 be the Year for Statewide Individual Health Insurance Mandates?
3 minute read: Since the Trump Administration took office, the ACA has been under fire from the White House and many Congressional Republicans. Legislative repeal of the ACA failed. However, 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
IRS EXTENDS ACA FURNISHING DEADLINE FOR 1095-C FORMS AND GOOD-FAITH TRANSITION RELIEF FOR 2018 TAX YEAR
3 minute read: In what has become an annual rite, the IRS has extended the deadline for distributing Form 1095-C for the 2018 tax year to full-time employees as required 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
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
IRS Releases New ACA PCORI Fees
2 minute read: The IRS has released new PCORI rate for health insurance plans that end on or after October 1, 2018 and before October 1, 2019. PCORI fees are 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
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
Employers Receiving IRS Letter 226J for 2016
2 minute read: The IRS has started issuing Letter 226J penalty notices for the 2016 tax year to employers identified as having failed to comply with the ACA’s Employer Mandate. 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![What to Measure, Track and Record Under the ACA [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_193104853_1280px-269x180_c.jpg)
What to Measure, Track and Record Under 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
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
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
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
IRS Penalties Increase in 2018 for ACA Non-Compliance
2 minute read: The IRS has increased the penalties for employers that do not comply with the ACA for the 2018 tax year. Here’s a rundown of the changes: 4980H Read More![Take Note of these IRS Dates for Filing ACA Information for the 2018 Tax Year [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_117031754_1280px-269x180_c.jpg)
Take Note of these IRS Dates for Filing ACA Information for the 2018 Tax Year [UPDATE]
2 minute read: It’s September. For many of our friends and neighbors, it’s a time to reflect on our summer as we transition into cooler fall weather. For those of 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
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![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![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
