X

Archive by author: Kim PhillipsReturn
IRS Issues Extension For Furnishing Forms 1095-B/C and Reinforces Good Faith Transition Relief
The IRS has issued Notice 2018-94 extending the due date for the 2018 1095-B and 1095-C forms to be sent to employees from January 31, 2019 until March 4, 2019. However, the Notice also confirms that the due date for filing those same 1095 Forms with the IRS remains the same: February 28, 2019 if filing paper copies or April 1, 2019 if filing electronically. The notice also extends the good faith transition relief for ACA Reporting. 
Read More
| Categories: Compliance TY2018, IRS AIR eFiling , Penalties, Tax Year 2018, 1095C, 1095B, Employer Mandate | Tags: | View Count: (151)
Once the ACA IRS penalty Wheels Begin to Grind... It’s Hard to Make them Stop!
As soon as you e-file your ACA data; the IRS ACA Compliance Validation (ACV) system takes over! Once this process has begun you are now in an adversarial position with the IRS and now have to basically prove that the assessed penalties are incorrect and unnecessary. Why not avoid this trauma and extra work with the FREE examination of your data before it's filed to the IRS.
Read More
| Categories: IRS AIR eFiling , Tax Year 2018, 1095C, 226J | Tags: #ACV , VeriTrac | View Count: (260)

Remember when being underwater was fun?

posted on
Remember when being underwater was fun?
ACA compliance with BenefitScape is the ACA EasyButton. Don't wait until you are underwater when there are so many attractive outsourcing solutions available at BenefitScape.
Read More
| Categories: 1095C, 1095B, Compliance TY2018 | Tags: | View Count: (80)

Legal Update: EMAC & HIRD

posted on
Legal Update: EMAC & HIRD
Massachusetts' new and increased EMAC Assessments are beginning January 1st, 2018 and ending December 31st, 2019. Fiscal Year 2018's budget-related legislation temporarily increased an existing employer fee known as the Employer Medical Assistance Contribution (EMAC) and also created a new, temporary, 5% assessment on employers to help offset a projected future $600 million shortfall in the MassHealth program.
Read More
| Categories: Tax Year 2017 | Tags: EMAC , HIRD , ACA Compliance , TY2017. | View Count: (1202)
IRS Issues Thousands of Letter 5699 Notices with Millions of Dollars in Potential Penalties
Many employers have received IRS Letter 5699 over the last several weeks. Letter 5699 is being issued to employers whom the IRS has deemed may be an Applicable Large Employer (ALE) for purposes of compliance with the Affordable Care Act (ACA), and the IRS has no record of their 1094 and 1095 forms for a Tax Year since 2015.
Read More
| Categories: IRS AIR eFiling , ACA Compliance TY16 , Penalties, Tax Year 2017, Tax Year 2018, Compliance TY2018, Employer Mandate | Tags: | View Count: (248)
Page 1 of 11 FirstPrevious [1]2345 Last

Top 5 Viewed Posts