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Posts Tagged ‘1094-C’

ACA Compliance for Employers: Avoiding an IRS Audit

The IRS has proven over the last several months that they are actively enforcing the ACA by issuing letters to Applicable Large Employers (ALEs) who may have failed to comply with Affordable Care Act. Since the IRS is fully engaged in the Affordable Care Act audit process, it is more important than ever for US […]

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IRS Letter 227: Breaking It Down

Perhaps you are an employer who has received a 226-J letter from the IRS. For those who are unaware, the 226-J letter is a notification of a potential ESRP assessment from the IRS due to possible non-compliance. If you have in fact received this letter; hopefully you have taken the proper steps to timely respond […]

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How to avoid a love letter from the IRS: a 226-J Preventative Checklist

As many of you know, the IRS has started sending out Letter 226-J notices. Many employers are now trying to figure out what triggered the IRS to send the notice. Many of them are also trying to figure out if there was anything they could have done differently to avoid receipt of Letter 226-J. Here […]

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Affordable Care Act: Do all US employers care?

After a turbulent first year with the new administration in charge, the ACA Employer Mandate still stands and therefore so do all the IRS reporting requirements around it. As the 2017 reporting year comes to a close and we’re already into the 2018 reporting year, here are some interesting observations we have made since we […]

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IRS Extends 1095-C Reporting Deadline and Good Faith Transition Relief

  Right before the holiday weekend, the IRS released Notice 2018-06: a nice last minute holiday gift for employers. Let’s break it down:   The due date for providing Forms 1095-C to employees is extended 30 days to March 2, 2018   The ACA employer mandate – which remains as is despite the new tax […]

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Does the good-faith effort reprieve from penalties apply to forms for 2016 filed in 2017?

As employers continue to work through the challenges of complying with the Affordable Care Act, professionals in the industry are reticent to accept anything less than perfection when dealing with IRS regulations. Why? To alleviate any concern about potential penalties due to non-compliance down the road. In Notice 2016-70 dated December 5, 2016, the IRS […]

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HealthBack Strengthens ACA Compliance Efforts With Technology

Specialized staff at HealthBack provide personalized home health services to homebound patients in four states, operating out of 36 branch locations. Nearly 800 employees work across multiple branches and each may work part or full time, hourly or salary, temporary or on call—which creates complications for payroll and Affordable Care Act (ACA) reporting. While it […]

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Employer ACA Penalties Could Reach $31 Billion

Eligible employers may soon face expensive penalties for Affordable Care Act (ACA) noncompliance. Research indicates ACA penalties are going to hurt during the upcoming 2016 tax reporting period. Accenture researchers revealed penalties could be attributed to employers that are “unintentionally non-compliant,” meaning they offer health coverage, but fail to meet IRS reporting requirements. Don’t get […]

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