06 Jul 2020 PCORI Fee Reminder
The Patient-Centered Outcomes Research Institute (PCORI) fee was scheduled to sunset at the end of 2019, but the Further Consolidated Appropriations Act, 2020 amended Section 4375 of the Internal Revenue...
ACA reporting season Tag
12 Nov Top 5 reasons to pivot to a new ACA solution for your book of business
They say a jack of all trades is a master of none and that’s certainly true in the business world. Even the largest companies can’t be all things to all...
04 Oct IRS Releases Final 2018 ACA Reporting Forms and Instructions
Posted at 16:26h
in Legislative Updates
On October 1, 2018, the IRS released the 2018 1095/1094 final forms and instructions for IRS reporting under the Affordable Care Act (ACA). As expected based on earlier released draft...
02 Aug UPDATE: Respond to Employer Mandate Assessment Letter 226-J in 3 Easy Steps
Update: The IRS has used Letter 226-J to notify employers who may have not complied with section 4980(b), the ACA employer mandate, during the 2015 tax year. A recent Treasury...
20 Dec Tax Bill Passes: Three Signs the Employer Mandate is Here to Stay
Posted at 19:51h
in Legislative Updates
On Wednesday, December 20, the House and Senate passed a U.S. tax bill, sending the bill to President Trump's desk for signature. Among other tax implications, the bill eliminates the...
08 Nov IRS to Begin Enforcing ACA Employer Penalties
Posted at 23:16h
in Legislative Updates
On October 25, the Financial Times reported the Internal Revenue Service (IRS) will begin enforcing penalties for employers that have not complied with the ACA employer mandate. According to the article, “within weeks”, over...