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Posts Tagged ‘Form 1095-C’

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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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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Are Employer Reporting Requirements Going Away With Repeal & Replace?

Many employers are hanging their hat on the employer reporting requirements (i.e. Form 1095-C) going away under the changes proposed by the Trump Administration. The current legislative proposal in the American Healthcare Act (AHCA) repeals the employer mandate to offer coverage. So under this proposal, the employer doesn't need to report information to the IRS […]

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Employers will NOT get a free pass on 2016 ACA Reporting

What a week! The election of Donald Trump as our next president has already raised some questions around what happens to the Affordable Care Act, specifically the Employer Mandate. Many have started speculating on what may happen. Suffice to say that the possibilities are endless and nobody really knows what can or will happen. Here […]

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Gain Control and Insight over ACA Compliance and Reporting

Many employers are just getting into a rhythm with navigating Affordable Care Act (ACA) compliance and reporting obligations. There is a lot of information to capture each month and decisions regarding health insurance coverage need to be made. Since penalties for noncompliance can be expensive, this is not a task that can be safely managed […]

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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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To Really Be ACA-compliant, Employers Have To Show They Did Their Homework

  There are two students: one is an A student and other is failing. As the teacher, you look first at their tests and see that both students are passing every test. You scratch your head and wonder why one is failing. As you research further, you realize that the failing student isn’t turning in […]

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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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Plan Offer Can Simplify ACA Reporting in Dynamics GP

For Affordable Care Act reporting, what an employer offers and how that plan is paid can significantly affect the information filed on IRS Form 1095-C. Yes, amid the anxiety among users of Microsoft Dynamics GP Payroll over which data points to line up for generation of the new yearly form for IRS reporting, there is […]

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