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Tag "Penalties"
![How to Respond to IRS Letter 226J for the 2016 Tax Year [INFOGRAPHIC]](https://acatimes.com/wp-content/uploads/dont-get-burned-5-e1540224652187-269x180_c.png)
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
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
That IRS Letter 226J Could Propose Millions of Dollars in ACA Penalties
2 minute read: Why should your organization care about IRS Letter 226J? Well, it could propose millions of dollars in ACA penalties against your organization. The Letter 226J notices are 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
The IRS Storm of Letter 226J ACA Penalty Notices Continues
2 minute read: Another wave of Letter 226J penalty notices have been issued by the IRS, and all indications that this storm of tax notices will continue for the foreseeable Read More
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
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
