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Tag "Penalties"
The ACA’s Annual PCORI Fees Due to IRS at the End of July
2 minute read: The annual PCORI fees are due at the end of the month from health insurers and plan sponsors offering self-funded health insurance plans. On July 31, these Read More
IRS Limited Non-Assessment Periods May Help Avoid ACA Penalties
3 minute read: The employer shared responsibility provisions (ESRP) under the Affordable Care Act (ACA) may seem straightforward, but, in reality, complying with them can be quite complex and time 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
More Americans Paying for ACA Health Plans
2 minute read: It’s no secret that replacing the law is a top priority for President Trump and a majority of Republicans in Congress. Recent data from the Centers for Read More
IRS Enforcement of ACA Penalties Is No Surprise
4 minute read: The Affordable Care Act (ACA) was first enacted in 2010 under the Obama administration. A component of the ACA, the Employer Shared Responsibility Provision (ESRP), also referred 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
ACA Compliance Is a Summer To Do Item
3 minute read: Ah, summertime and the living is easy. Before you pack your bags and head to the beach for vacation, make sure your ACA process is in tip-top 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
Feds Confirm Their Own ACA Emergency Care Cost Guidelines
4 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 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
ACA Backlash: Two States Create Their Own Individual Mandates
3 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 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 2017 with a status of “Accepted with Errors,” you’re not Read More
Owners of Multiple Small Businesses May Need to Comply with the ACA
2 minute read: Understanding the details of the employer shared responsibility provisions under the Affordable Care Act (ACA) can be difficult. One of the first steps is determining whether or Read More
Proposed California Bill Puts the State in Charge of Healthcare Costs
2 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 Read More![IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_182098756_1280px-269x180_c.jpg)
IRS Confirms Continued Enforcement of ACA Employer Mandate [UPDATE]
3 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 Read More
TIN Validation Errors with the IRS Can Affect ACA Compliance
2 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 Read More
Update to IRS 226J Infographic Now Includes IRS Letter 227
1 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
ACA and Healthcare Grow in Popularity as Midterms Draw Near
2 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 Read More
Keep Tabs on Seasonal Workers and Employees to Avoid ACA IRS Penalties
3 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 Read More
ACA Employer Mandate Poses IRS and U.S. GAAP Complications
4 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. Read More
New CMS Rule Keeps ACA Employer Mandate Intact
3 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 Read More
IRS Safe Harbors for Affordability 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 (ACA)? It’s Read More
Five Common Mistakes Restaurants Make with ACA Compliance
3 minute read: Since the passage of the Affordable Care Act in 2010, the reporting requirements set forth by the IRS have proven to be complicated and time consuming. Minimizing Read More
Advisers, Beware These Two Letters from the IRS
4 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 Read More
1094-C/1095-C Audit Can Prevent IRS ACA Penalties
3 minute read: If your organization has met the deadline to file and furnish schedules 1094-C and 1095-C to the IRS for Affordable Care Act reporting for the 2017 tax Read More![ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_139632255_1280px-269x180_c.jpg)
ACA Complexity to Grow as States Develop Their Own Healthcare Solutions [UPDATE]
5 minute read: The many false starts of the Republican-led effort to dismantle the Affordable Care Act (ACA), along with the Trump administration’s continued efforts to undermine the healthcare law, Read More
File ACA 1094-C/1095-C Information with IRS On Time to Avoid Penalties
2 minute read: With the deadline for providing Affordable Care Act (ACA) information filings to the IRS fast approaching, don’t forget about the late filing penalties under IRS Section 6721. Read More
Organizations Ignoring the ACA are at Financial Risk
5 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 Read More
Time to Check Your Work with IRS ACA Filing Deadline Approaching
3 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 Read More
Having Responded to IRS Letter 226J to Prove ACA Compliance, Now Meet IRS Letter 227
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 its ACA information Read More
It’s Crunch Time! IRS Deadlines for ACA Informational Filings Start Today
It can sneak up on employers quickly. Today is the IRS deadline for employers to provide paper filings of forms 1094-C and 1095-C as part of the required ACA information Read More
ACA Employer Mandate Poses IRS and US GAAP Complications
You 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 Read More
After Settlement Rejected, Dave & Buster’s Court Case Continues
The 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 Read More
2018 Affordable Care Act Enrollment Shows Marketplace Stabilizing
The 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 Read More![Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]](https://acatimes.com/wp-content/uploads/AdobeStock_154583992_1280px-269x180_c.jpg)
Expect IRS to Enforce the ACA’S Individual and Employer Mandates [UPDATE]
The approval of tax reform legislation by Congress may ultimately have an impact on the Affordable Care Act (ACA) in 2019. That’s when the legislation essentially repeals the individual mandate Read More
Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers
Individual taxpayers who obtain Premium Tax Credits from the federal government to subsidize health insurance plans purchased on government healthcare exchanges under the Affordable Care Act (ACA) will be filing Read More
Online ACA Resource Center Offers Free Information to Aid 2017 IRS Filings
Through The ACA Times, we regularly provide information that we hope has helped make it easier for organizations to deal with the complexities of the Affordable Care Act (ACA). We Read More
