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Posts Tagged ‘ESRP’

Notice CP 220J – An IRS Demand for Payment

Most Applicable Large Employers (ALEs) are aware by now that the IRS is actively issuing penalty assessment letters, letter 226-J, to employers for non-compliance with the Affordable Care Act in previous filing years. The 226-J letter is an initial notification to an ALE explaining that they may be liable for an Employer Shared Responsibility Payment […]

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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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Affordable Care Act Requirements Still Enforced, IRS ESRP Letters Continue

The Tax Cuts and Jobs Act signed into law by President Trump in December of 2017 eliminated the penalty associated with the “individual mandate” beginning in January of 2019. At about the same time, the IRS ramped up ACA enforcement of the “employer mandate”. The result was a mixed message in the ear of employers. […]

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ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?

The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, address penalties associated with the 2015 filing year for forms provided to the IRS in 2016. It is important to provide a timely response to this IRS letter. Here are some tips to ensure […]

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