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Posts Tagged ‘ACA and IRS reporting’

How to Convert Non-Hourly Compensation to ACA Service Hours

When there are compensation programs that are based on output rather than hours, the tracking of time toward an employee’s eligibility for health insurance can be a challenge for an employer required to comply with the Affordable Care Act. In these situations, IRS regulations for ACA enforcement require an employer to find a “reasonable” method […]

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Good-faith Reprieve for 1095-Cs? No Thanks, Say Detail-driven Employers

As March 31, 2016 approaches in the world of Affordable Care Act (ACA) reporting, where one head-scratcher about Form 1095-C best practices often compounds another, a different kind of perplexity is now unfolding. Counting down to the date marking the 1095-C breather that everyone welcomed for Tax Year 2015 – the March 31 extension of […]

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What Is a 1095-C?

The 1095-C form is a new federal reporting requirement created as a result of passage of the Affordable Care Act (ACA). Employers who must comply with the new health law are required to provide a 1095-C form to certain employees and then file copies with the IRS. 1095-C reporting applies to which employers? Every employer […]

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ACA Code 1A Alert: IRS Clarifies 1095-C Guidance for a Qualifying Offer

During the IRS group call on January 26, 2016 for developers of Affordable Care Act reporting software, a presenter for the IRS technical team brought clarity to Form 1095-C reporting for a Qualifying* Offer of coverage. In short, we now have a Code 1A alert, because the new information is a significant departure from previous guidance for, […]

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1095-C Forms Due to Employees by February 1 – Are You ACA-Ready?

You have done the calculations and have determined that your company is actually considered an ALE (Applicable Large Employer) – the classification for a business that has to comply with the Affordable Care Act (ACA). Santa realized he was an ALE as well when we reviewed his Claus Resources operations. So what now? You need […]

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The Heat Is On: ACA Is No Myth for Some Small U.S. Businesses

  The clock is ticking, with the first deadline for new Affordable Care Act forms just weeks away. You may be confused about exactly what all the ACA buzz means for you. Here you may be coasting along and thinking: “This isn’t my issue; I have just 25 full-time employees and a handful of part-timers. […]

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Clearing ACA Confusion: Which Employers Must File IRS Forms 1095-C/1094-C?

When awareness of penalty risks under the Affordable Care Act kicked in, back in 2012, employers came to us looking for help.   Those employers were the Forced Minority. Offering little to no coverage, they knew they had a range of must-dos on their road to compliance with the new federal mandate to provide health […]

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The Buck Stops With The CFO. Can You Handle The Pressure?

The responsibility for timely, accurate payroll management rests with the chief financial officer (CFO).  Processing payroll can be complex, especially with changing variables that often arise with employees or with regulatory requirements.  The Affordable Care Act (ACA) introduces an even greater burden for capturing and reporting payroll data.  Since the buck stops with the CFO, […]

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