ACA Times

MAY 6, 2020

Classifying employees incorrectly can lead to inaccurate information being submitted to the IRS in annual information filings. These errors can result in overcounting or undercounting of full-time employees, either of which can result in significant ACA penalties from the IRS.

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ACA Times

MARCH 20, 2020

Classifying employees incorrectly can lead to inaccurate information being submitted to the IRS in annual information filings. These errors can result in overcounting or undercounting of full-time employees, either of which can result in significant ACA penalties from the IRS.

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ACA Times

APRIL 1, 2020

When trying to determine whether employees are considered to be full-time under the ACA, employers must use one of two measurement methods sanctioned by the IRS: the Monthly Measurement Method or the Look-Back Measurement Method. Your organization will want to get it right to avoid ACA penalties being issued by the IRS.

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ACA Times

MAY 21, 2021

The Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act may seem straightforward, but, in reality, complying with them can be challenging and time-consuming. The IRS allows for certain grace periods, in which not extending an offer of coverage immediately to a full-time employee is allowed.

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ACA Times

MARCH 27, 2020

When trying to determine whether employees are considered to be full-time under the ACA, employers must use one of two measurement methods sanctioned by the IRS: the Monthly Measurement Method or the Look-Back Measurement Method. Your organization will want to get it right to avoid ACA penalties being issued by the IRS.

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ACA Times

JULY 10, 2020

2 minute read: Employers should start gearing up for IRS penalty letters issued under the Affordable Care Act. According to an announcement posted on the IRS website , the IRS has “has postponed mailing and responding to Employer Shared Responsibility Payment (ESRP) related correspondence until after July 15, 2020.”

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ACA Times

JUNE 18, 2021

There is a myriad of issues that can arise during the course of the year that can make employers’ annual IRS filings more difficult than necessary. Failure to apply the measurement method correctly for your organization could result in inaccurate full-time counts and significant ACA penalties.

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ACA Times

MAY 18, 2020

Despite criticism from House Ways and Means Committee members, the IRS has called upon thousands of workers to return onsite for work. The workers were initially asked to obtain their own personal protection equipment (PPE) before returning onsite, but the IRS has since confirmed that it will be providing employees with disposable masks.

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ACA Times

JUNE 25, 2021

Employers required to comply with the ACA’s Employer Mandate must report their full-time employee’s healthcare information to the IRS annually via forms 1094-C and 1095-C, but what exactly are these forms? Employers must provide this information to the IRS via Forms 1094-C and 1095-C. Aggregated ALE Group Members.

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ACA Times

JULY 13, 2020

2 minute read: California residents that fail to obtain qualified health coverage this year will receive a penalty from the state for an amount larger than first projected. Per California’s Individual Mandate , beginning January of this year, state residents can be charged a penalty based on the California Consumer Price Index.

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ACA Times

OCTOBER 12, 2021

It’s no surprise that the IRS is increasing its enforcement efforts of the ACA’s Employer Mandate, but the amended Letter 226J language indicates that the agency is taking it to the next level by asking employers to prove their offers of coverage are affordable.

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ACA Times

AUGUST 17, 2021

The IRS recently issued a notice that further clarifies the usage of Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage as amended via the American Rescue Plan (ARP). IRS Notice 2021-46 expands on 2021-31 and identifies several parameters around COBRA continuation coverage in a question and answers format.

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ACA Times

JANUARY 26, 2021

3 minute read: The IRS has begun issuing Letter 5005-A, Information Return Penalty Notice (Form 1094-C or 1095-C) (“Letter 5005-A”), for the 2017 tax year, demonstrating their efficiency at identifying ACA non-compliance and intensifying enforcement efforts.

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ACA Times

OCTOBER 14, 2020

It’s a question that employers often ask when they’re first introduced to the responsibilities of the ACA’s Employer Mandate. Forms 1095-C are provided to both the IRS and to the full-time employee. Q: Who has to file IRS Form 1095-C? Q: What are the Code Combinations on IRS Form 1095-C?

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ACA Times

MAY 21, 2020

According to a post by the LA Times, “The law enables plaintiffs to seek up to $2,500 in civil penalties per violation for drivers going back four years.”. While the IRS uses a different test than California for determining independent contractor status. Failing to get this right can result in penalty assessments from the IRS.

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ACA Times

JUNE 1, 2020

While the IRS uses a different test than California for determining independent contractor status. It is unclear how the IRS will be able to differentiate between the state and federal standards with respect to ACA reporting. Failing to get this right can result in penalty assessments from the IRS.

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ACA Times

MARCH 18, 2019

5 minute read: One of the more complex sections of the Affordable Care Act is the Employer Shared Responsibility Provisions, also referred to as the ACA Employer Mandate. If you paid attention to the signs, ACA penalty assessments for non-compliance from the IRS should come as no surprise. Fast forward to April 2017.

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ACA Times

MARCH 31, 2021

2 minute read: March 31, 2021, is the deadline for e-filing ACA returns, Forms 1094-C and 1095-C, to the IRS for the 2020 tax year as required by the ACA’s Employer Mandate. On an annual basis, ALEs must file their ACA information to the IRS to inform the agency of health coverage information offered for the tax year.

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ACA Times

AUGUST 15, 2018

The ACA Penalty Process now being initiated by the IRS is no exception. With 30 days to respond upon receipt of Letter 226J (you may want to request a reasonable extension), the process your organization undertakes to develop your response needs to be focused and efficient. No response is required.

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ACA Times

AUGUST 8, 2018

Why should your organization care about IRS Letter 226J? Well, it could propose millions of dollars in ACA penalties against your organization. To date, the IRS has issued more than 30,000 of these notices proposing penalty assessments of over $4.4 The letter will provide instructions on how you should respond.

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ACA Times

FEBRUARY 3, 2020

Every year, the IRS requires employers to furnish Forms 1095-C to their full-time workforce, in addition to filing them with the tax agency. In what appears to have become an annual rite, the IRS has extended the deadline for distributing Form 1095-C for the 2020 tax year to full-time employees to March 2, 2021.

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ACA Times

OCTOBER 17, 2018

The IRS will begin issuing Letter 226J for the 2016 tax year in the next few weeks. IRS staff has indicated that the penalty notices for 2016 are ready to start being issued as they have completed the final batch of Letter 226J notices being issued for the 2015 tax year. 3 minute read: It’s confirmed.

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ACA Times

MARCH 6, 2019

2 minute read: Your organization has received a Letter 226J tax notice because the IRS says it did not comply with the Affordable Care Act (ACA) on the basis of its ACA information filing with the IRS for the 2015 or 2016 tax years. After issuance of this letter and the ESRP has been paid, the case will be closed.

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ACA Times

JULY 17, 2020

Employers, that means the healthcare law is likely here to stay for good, and that means complying with the healthcare law’s Employer Shared Responsibility Provision (ESRP), also known as the Employer Mandate. The IRS has announced that it will begin issuing ACA penalty letters such as Letter 226J after July 15.

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ACA Times

SEPTEMBER 19, 2018

Employers who have not yet received a 2015 ESRP penalty notice should not breathe a sigh of relief yet. The IRS identified 49,259 employers at risk for compliance action by the IRS for the 2015 tax year. So far, the 30,000 notices have contained penalty assessments of more than $4.4 billion in penalties, potentially.

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ACA Times

OCTOBER 22, 2018

IRS staff has confirmed that the agency will begin issuing Letter 226J penalty notices for the 2016 tax year in the next few weeks. If you receive a Letter 226J, you have 30 days to respond. The process your organization undertakes to develop your response needs to be focused and efficient. 1 minute read: .

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ACA Times

JANUARY 27, 2020

As of January 1, California residents, including domestic partners and their dependents, must enroll in qualified health insurance coverage for each month of the calendar year or face a penalty. The penalty state residents will face for failing to comply is calculated at a rate of $695 per adult and $347.50 per child or 2.5%

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ACA Times

NOVEMBER 15, 2017

The letter no one wants is now in the mail! click the image for the full letter). Applicable Large Employers (ALEs), employers with 50 or more full-time or full-time equivalent employees, are starting to receive the IRS’s Letter 226J. If you receive Letter 226J , what should you do?

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ACA Times

JULY 30, 2018

Another wave of Letter 226J penalty notices have been issued by the IRS, and all indications that this storm of tax notices will continue for the foreseeable future. According to the latest TIGTA report, the IRS identified 318,296 organizations that qualified as Applicable Large Employers (ALEs) for 2015. 2 minute read:

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ACA Times

APRIL 15, 2019

If not, you may need to submit corrections for the 2018 tax year to the IRS as required under the ACA ’s Employer Mandate, or be subject to penalty assessments under IRC 6721/6722. Some IRS assessments for this penalty have been in the millions of dollars. If it did, were all your submissions accepted?

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ACA Times

NOVEMBER 27, 2017

The IRS has been sending signals since the summer that it will be enforcing the Affordable Care Act’s employer mandate. Letter 226J is the communication that provides the general procedures the IRS will use to propose and assess the ACA’s employer shared responsibility payment, or ESRP. Surely some are even higher.

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ACA Times

JULY 31, 2020

3 minute read: In the past year three states have implemented laws that broaden the definition of “employee” and include penalties or additional liability exposure for employers who misclassify their workers: California, New Jersey, and Virginia.

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ACA Times

JUNE 21, 2019

3 minute read: Employers that receive IRS Letter 226J penalty notice for failing to comply with the Affordable Care Act will be limited to one 30-day extension for each IRS notice received in the penalty process. IRS staff will no longer continue this practice.

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ACA Times

APRIL 24, 2019

We are all human, including the people who work at the IRS. The only difference is that errors made by the IRS can cost you money. If for some reason you received a Letter 226J penalty notice from the IRS for not complying with the Affordable Care Act, you will want to review the notice carefully.

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ACA Times

MAY 11, 2022

Last month the IRS published a proposed regulation that would amend the existing rule regarding employer-sponsored Minimum Essential Coverage (MEC) for family members of an employee. . If the proposed ruling is signed into law, there could be new challenges for employers and their ACA Employer Mandate responsibilities. .

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ACA Times

NOVEMBER 9, 2017

As we reported this week, the IRS has issued guidance on its plans to issue penalty notices by the end of this year to Applicable Large Employers (ALEs) it believes were not in compliance with the requirements of the Affordable Care Act (ACA). The IRS has released a sample of the letter, which you can see by clicking here.

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ACA Times

NOVEMBER 6, 2017

The IRS on Thursday issued guidance on its plans to issue penalty notices to Applicable Large Employers (ALEs) it believes were not in compliance with the requirements of the Affordable Care Act (ACA). That process has now started.

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