IRS Still Moving Forward with ACA Compliance Enforcement for Employers

IRS Still Moving Forward with ACA Compliance Enforcement for Employers

July 10, 2017 The IRS recently issued Notice 2017-38, which revealed the results of the Treasury Department’s review of all “significant tax regulations” per President Trump’s Executive Order 13789 issued in April 2017. Read More
IRS Tax Documents Assist Decision In Classification Case

IRS Tax Documents Assist Decision In Classification Case

May 2, 2017 With misclassification suits becoming more and more frequent, the latest case suggests that tax returns might be subject to mandatory disclosure in resolving classification issues. In a recent case, Mescalero Read More
Misclassification of Employees Can Lead to Big Penalties Under the ACA

Misclassification of Employees Can Lead to Big Penalties Under the ACA

May 1, 2017 The Employer Mandate under the Affordable Care Act subjects Applicable Large Employers (ALEs) to penalties for failing to offer their full time employees healthcare coverage. Moreover, the ALE is subject Read More
What To Do When An IRS Letter Lands In Your Mailbox

What To Do When An IRS Letter Lands In Your Mailbox

April 25, 2017 The dreaded IRS letter. It can mean anything or nothing at all. As tax season for the 2016 tax year is coming to an end for most, so begins the Read More
Life After The Proposed AHCA: An Employer’s Tip Sheet

Life After The Proposed AHCA: An Employer’s Tip Sheet

April 4, 2017 Goodbye AHCA, hello ACA. Again. While President Trump’s attempt to repeal and replace the Affordable Care Act (ACA) with the American Health Care Act (AHCA) has left many Americans relieved Read More
Businesses Need to Make Affordable Care Act Filings with the IRS by March 31 or Request an Automatic Extension

Businesses Need to Make Affordable Care Act Filings with the IRS by March 31 or Request an Automatic Extension

March 27, 2017 Some businesses may have suffered from wishful thinking when the legislation to repeal and replace the Patient Protection and Affordable Care Act (ACA) was proposed by Speaker Ryan and trumpeted Read More
The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties

The IRS ACA Audit Process Forces Employers to Prove Their Case or Face Penalties

March 21, 2017 Op-Ed Updated Published on March 16, 2017 on ‘Accounting Today’ A few weeks after the national election, the Internal Revenue Service (IRS) began to issue notices to employers who may Read More
IRS Extends Transition Relief For QSE HRA Notice

IRS Extends Transition Relief For QSE HRA Notice

March 14, 2017 At the close of February, the IRSreleased a notice regarding qualified small employer health reimbursement arrangement (QSE HRA) notices and an extension until further guidance is provided. These notices are Read More
Employer Reporting Continues Under House Republican Leadership Proposed Bill

Employer Reporting Continues Under House Republican Leadership Proposed Bill

March 8, 2017 On March 6, 2017, the House Leadership recently unveiled its proposed bill called “American Health Care Act.”Among its provisions, the bill calls for termination of the issuance of premium tax Read More
House Republican Leadership Announce Their ACA Repeal and Replace Bill

House Republican Leadership Announce Their ACA Repeal and Replace Bill

March 8, 2017 The Republican leadership in the House recently proposed its ACA repeal and replace bill. It remains uncertain as to whether Republicans can secure enough support amongst themselves to pass the Read More
The IRS Won’t Reject Returns Without Healthcare Reporting, But You May Be Penalized

The IRS Won’t Reject Returns Without Healthcare Reporting, But You May Be Penalized

March 2, 2017 As we settle into the heart of tax season, the IRS has some new updates regarding how healthcare is reported on tax returns. The Affordable Care Act mandates individuals to Read More
Does The Newly Revised HHS 2017 Calendar Suggest A Delayed ACA Repeal?

Does The Newly Revised HHS 2017 Calendar Suggest A Delayed ACA Repeal?

February 27, 2017 While the Trump Administration’s proposed rule for market stabilization was circulated in the middle of February, also included were date changes for 2017 and 2018 by the Department of Health Read More
The ACA Exchange Appeals Process

The ACA Exchange Appeals Process

February 22, 2017 The Exchanges in the Health Insurance Marketplace have been issuing out notices to employers. Each such Notice indicates to the employer that it may be subject to penalties for failing Read More
IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

IRS Clarifies De Minimis Error Safe Harbor For Information Return Penalties

February 1, 2017 The IRS recently published Notice 2017-9 announcing its intent to issue regulations regarding the obligation of a payor (e.g., employer) to document payee (e.g., employee) elections for application of the Read More
ACA Reporting And The IRS: What To Know About The Letter You Received

ACA Reporting And The IRS: What To Know About The Letter You Received

January 30, 2017 At the close of 2016, the IRS letters mailed notices to employers, signaling the start of the IRS’s Read More
The Reality Of ACA Penalties Post-Repeal

The Reality Of ACA Penalties Post-Repeal

January 20, 2017 As Donald J. Trump officially takes his seat as the 45th President of the United States, we inch closer to the reality of an Affordable Care Act repeal. While the Read More
Some ACA Compliance Still Required By Employers Despite Possible Repeal

Some ACA Compliance Still Required By Employers Despite Possible Repeal

January 16, 2017 As conflicting opinions of an ACA Repeal continue to loom overhead, from the Republican viewpoint, a repeal seems inevitable. However, this does not translate to an elimination of ACA compliance Read More
The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

The IRS ACA Audit Has Begun: What To Do To Avoid Penalties

January 5, 2017 A round of IRS letters have been mailed out to employers, signifying the start of the IRS’s Affordable Care Act audit process. As the Congressional Budget Office (CBO) anticipates nine Read More
IRS Releases Proposed Regulations For Health Insurance Provider Fees

IRS Releases Proposed Regulations For Health Insurance Provider Fees

January 4, 2017 Section 9010 of the Affordable Care Act surrounds Health Insurance Provider Fees and the IRS has released some new proposed regulations for reporting information among other changes. See IRS REG-123829-16 Read More
Proposed Changes To Form 5500? Here Are Some More Per AICPA

Proposed Changes To Form 5500? Here Are Some More Per AICPA

December 7, 2016 Over the past year, Form 5500 has gone through changes and proposed modifications in an effort to streamline healthcare information reporting on the part of employers. The Department of Labor, Read More
Regardless of Election & Rhetoric, Employers Are Still on the Hook for 2016 ACA Reporting

Regardless of Election & Rhetoric, Employers Are Still on the Hook for 2016 ACA Reporting

December 1, 2016 It remains unclear whether Trump and the Republican-majority Congress will repeal and replace the ACA. Shortly after loudly pledging that he will repeal and replace the ACA, just three days Read More
ACA’s 2016 Penalties Are Estimated to Near $31 Billion

ACA’s 2016 Penalties Are Estimated to Near $31 Billion

November 22, 2016 Over the course of 2016, the ACA Times has reported on ways for employers to comply with mandates of the Affordable Care Act in an effort to avoid paying large Read More
A Vital Infographic For All ALEs

A Vital Infographic For All ALEs

November 16, 2016 The IRS has released a 7-point breakdown of pertinent information for Applicable Large Employers or “ALEs” in anticipation of the upcoming deadline for information reporting for the 2016 tax year. Read More
With Trump Election Employers Still on Hook for 2016 ACA Reporting

With Trump Election Employers Still on Hook for 2016 ACA Reporting

November 11, 2016 With the stunning election of Donald Trump as President comes a serious question of what happens to the Employer Mandate under the Affordable Care Act (ACA), also known as “Obamacare.” Read More
Updated Forms 1094-C And 1095-C Are Here

Updated Forms 1094-C And 1095-C Are Here

October 24, 2016 The IRS has released the final updated Forms 1094-C and 1095-C,and while there aren’t many modifications, there are some changes of note. As you probably already know, Form 1094-C is Read More
How To Deal With An IRS Incorrect TIN Notification: The DO’s And DON’Ts

How To Deal With An IRS Incorrect TIN Notification: The DO’s And DON’Ts

October 19, 2016 When it comes to employee TINs, some errors seem inevitable, but they don’t always mean what they seem. As an Applicable Large Employer (ALE), it is your duty in accordance Read More
AIR Errors And Missing TINs: A Tip Sheet On Quick Fixes

AIR Errors And Missing TINs: A Tip Sheet On Quick Fixes

October 17, 2016 The electronic system for information reporting under the Affordable Care Act is not without its glitches. We know this by now, and in the midst of 2015 information reporting this Read More
Form 5500’s Proposed Changes: An Update

Form 5500’s Proposed Changes: An Update

September 6, 2016 News that the DOL planned to change Form 5500 surfaced several weeks ago and now more information has become available. In line with recent increased focus from the DOL and Read More
The DOL Proposes Revisions To Form 5500: Here’s What We Know So Far

The DOL Proposes Revisions To Form 5500: Here’s What We Know So Far

August 10, 2016 Form 5500 Annual Return/Report of Employee Benefit Plan and Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan may be receiving some changes effective January 1, 2019 should Read More
Breathe A Sigh Of Relief: AIR Is Still Available

Breathe A Sigh Of Relief: AIR Is Still Available

August 9, 2016 Many employers have struggled with their health care information reporting for the 2015 tax year. Those difficulties include confusing forms, tedious reporting processes, and technological setbacks. While penalties are perhaps Read More
Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In

Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In

June 29, 2016 The Treasury Inspector General for Tax Administration (TIGTA)released a report highlighting security and testing risks when determining ACA compliance through the IRS’s ACA Compliance Validation System (ACV). Considering the issues Read More
Demystifying “Good Faith” And “Reasonable Cause”

Demystifying “Good Faith” And “Reasonable Cause”

June 28, 2016 It was just a week ago that the IRS held their Affordable Care Act Information Returns Program (AIR) meeting, and with it came the annual publication (1586) highlighting several procedures Read More
IRS Proposes Changes To Ease ACA Reporting

IRS Proposes Changes To Ease ACA Reporting

September 17, 2015 The Internal Revenue Service said it will propose a number of changes in the regulations on reports related to the Affordable Care Act. All of the proposed changes will have Read More
IRS Alerts Employers on Required Reports

IRS Alerts Employers on Required Reports

July 27, 2015 The Internal Revenue Service (IRS) issued a reminder that all employers that provide self-insured health coverage, must file an annual return reporting certain information for each employee they cover. If Read More
Penalties Increased for Filing Errors

Penalties Increased for Filing Errors

July 7, 2015 Penalties in sections of the Internal Revenue Code relating to the failure to timely file correct and complete information in a return as well as the failure to timely distribute Read More