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Posts Tagged ‘Affordable Care Act compliance’

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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Affordable Care Act: Lessons Learned from the 2015 Reporting Period

With the 2015 reporting period behind us for the brand new required IRS reporting around the Affordable Care Act, we can now reflect on some of the issues that we overcame to become more prepared for 2016. So what were some of the lessons we learned? The amount of work to be done can be […]

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Is Your Company IRS-Compliant with ACA for 2016 Filing Season?

As the dust has finally settled from the 2015 filing season, the next question should be “Is our company IRS-compliant for the Affordable Care Act's 2016 filing season?” To truly answer this question, several other items must be evaluated and addressed. First, to start the compliance process a company needs to determine if they are […]

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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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Mystified By Affordable Care Act Reporting? We Can Help

There has been talk about the Affordable Care Act (ACA) for years. Now it’s time for employers affected by the health law to comply with its IRS reporting requirements. The data needed for ACA compliance must be captured continuously and then reported annually in monthly breakdowns. To stay on top of the data processing needed […]

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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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What Does a 1095-C Delay Mean for 1040 Filings?

News from the IRS on December 28, 2015 about the 60-day extension of the Form 1095-C production deadline is raising a particular concern among businesses that we work with – one question, asked several ways: “What does a delay in delivering this form mean for our employees?” “What happens when employees want to file their […]

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IRS Extends Affordable Care Act Filing Deadlines

The IRS has extended the filing deadline for the required Affordable Care Act (ACA) 1095-C forms. You now have 60 more days to product 1095-Cs and 90 more days to send copies to the IRS. New deadlines: March 31, 2016 - date by which employees must have 1095-Cs May 31, 2016 - date by which […]

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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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