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 …
Shared Responsibility Payment
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Affordable Care ActHealth Care Reform
The GOP Has Released An ACA Replacement Outline
by Robert Sheenby Robert SheenIt feels as though Americans have been waiting with bated breath to hear the latest in the repeal and replacement of the Affordable Care Act. A replacement outline is finally …
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ACA AuditACA ComplianceAffordable Care ActHealth Care CoverageReporting
The ACA Exchange Appeals Process
by Robert Sheenby Robert SheenThe 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 …
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Affordable Care ActHealth Care CoverageIndividual Shared Responsibility Payment
New Updates Arrive Surrounding Individual Shared Responsibility
by Robert Sheenby Robert SheenAt the top of September, the House Ways and Means Committee reunited following summer break with new markups surrounding the individual shared responsibility payment requirement of the Affordable Care Act. …
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ACA ComplianceHealth Insurance Marketplace
It’s A Brand New Day For Marketplace Notices And Appeals
by Robert Sheenby Robert SheenOver the course of the year, many employers participated in a widespread panic over notices mailed to them from the ACA’s Health Insurance Marketplace. These notices summarized that an employee …
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By the time July kicked off, many employers received notices from the Health Insurance Marketplace aka “the Exchange,” provided by the Affordable Care Act where individuals and families can obtain …
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One of the most talked about issues regarding employers and health care for their employees is under Internal Revenue Code 4980H. This Code, being Shared Responsibility for Employers Regarding Health …
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Affordable Care ActPremium Tax CreditRegulationsShared Responsibility Payment
IRS Update: Premium Tax Credit And Shared Responsibility Payment
by Robert Sheenby Robert SheenNew regulations have arrived for the ACA’s Premium Tax Credit and Shared Responsibility Payment provisions. For the 2015 tax year, many employers and employees encountered difficulties with regard to the …
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ACA ComplianceTIGTA
Is Cybersecurity An Issue When Using The ACV? The TIGTA Weighs In
by Robert Sheenby Robert SheenThe 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 …