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Archive by category: Compliance TY2018Return
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. 
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| Categories: Compliance TY2018, IRS AIR eFiling , Penalties, Tax Year 2018, 1095C, 1095B, Employer Mandate | Tags: | View Count: (151)

Remember when being underwater was fun?

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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.
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| Categories: 1095C, 1095B, Compliance TY2018 | Tags: | View Count: (80)
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.
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| Categories: IRS AIR eFiling , ACA Compliance TY16 , Penalties, Tax Year 2017, Tax Year 2018, Compliance TY2018, Employer Mandate | Tags: | View Count: (248)
Do you have an ACA Compliance checklist? No? Use Ours!
Since the Affordable Care Act became effective in March of 2010 employers and their advisors have gone through many iterations of studying the legislation, waiting for guidance from the Federal Government on how to comply, listening to prognosticators predict its demise, learning about potential changes to the law, etc. We are now entering our fourth year of compliance with the Employer Shared Responsibility provisions, and all the IRS reporting and filing that comes with it.
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| Categories: Tax Year 2018, Compliance TY2018, Employer Mandate | Tags: | View Count: (150)

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