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Posts Tagged ‘Penalty’

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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Understanding the ACA Employer Mandate Part 2

There has been endless debate surrounding the Affordable Care Act (ACA) and the only certainty about its future is that it is uncertain. Repair, replace, rescind or reconcile, whatever your view of the ACA, at present it is still in force and must be complied with. This is Part 2 of a 2-part article. Part […]

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IRS will not waive penalties for employer mandate under ACA

In a series of information letters, the IRS has clearly indicated that it won’t waive employer mandate penalties under the Affordable Care Act. For example, in a letter from the IRS to House Representative Bill Huizenga dated April 14, 2017 related to a question from an applicable large employer, it was made clear that the […]

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2016 ACA Employer Reporting: Business as usual at IRS

Between campaign promises and early actions on starting the repeal of the Affordable Care Act, many employers are under the hopeful impression that the ACA reporting requirements may go away. At this point, who knows? Moreover, who knows how long it may take before they do or are replaced by a different kind of employer […]

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Affordable Care Act Employer Mandate Enforcement is No Joke

For many US employers, reporting year 2015 was an introduction to the realities of complying with the new ACA employer mandate. Initially meant to be implemented in 2014, this employer mandate was partially enforced in 2015 but is set to be fully implemented and enforced in 2016. This makes 2016 reporting even more crucial to […]

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Employer Compliance with ACA Starts with Counting

Employer compliance with the Affordable Care Act starts with counting. Counting an employee’s hours per week. Counting an employee’s hours per month. Counting an employee’s hours when they may not even be on the job. Counting an employee’s hours when you don’t compensate them according to time. Miss a step in any of these counts […]

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