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Posts Tagged ‘letter 226J’

Four Common Misconceptions around the ACA Employer Mandate

Despite the Affordable Care Act (ACA) being in place since 2012 and effective since 2015, misconceptions around the ACA Employer Mandate persist. We’ll walk you through four common ACA misconceptions and separate fact from fiction. Misconception #1: The ACA Employer Mandate has been repealed – it’s gone. Despite all the political turmoil of the last […]

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Areas to Consider Before Outsourcing ACA Reporting

Human resources departments are becoming strategic partners within today’s organizations. No longer do they exist only to hire, fire, and pay employees. HR professionals are critical to an organization's long-term growth and development. As HR departments undergo a massive transformation, so is the HR outsourcing industry. By 2020, the HR outsourcing industry is expected to […]

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We Received the Dreaded IRS Letter 226J. Now What?

When you find a copy of IRS Letter 226J in the mail, it can be a frustrating feeling. Letter 226J is a penalty assessment notice that essentially notifies you that you failed to comply with the employer mandate of the Affordable Care Act (ACA). Your first thought might be: “What? No way.” You may disagree […]

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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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Have you received an ACA “love letter” from the IRS?

As stated back in April of this year, the IRS will begin enforcement of the Affordable Care Act (ACA) any day now. They have now published a draft of the soon to be sent Employer Shared Responsibility Payment (aka “Penalty”) notification letter. While some employers have received “non-filing” letters from the IRS already, this letter […]

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