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Archive by category: Tax Year 2018Return
ACA PENALTY UPDATE: IRS ISSUING 972CG NOTICES FOR LATE FILING
The IRS has begun issuing Notice 972CG, a penalty notice regarding late filings of Forms 1094 and 1095 for Tax Year 2017. The notices also include penalties for unresolved TIN validation errors and for not filing returns electronically if you filed more than 250 forms on paper.
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| Categories: Penalties, Tax Year 2017, Tax Year 2018, 226J, Employer Mandate | Tags: | View Count: (546)
JUDGE RULES AGAINST ACA BUT THE LAW STANDS
JUDGE RULES ACA INVALID – WHITE HOUSE SAYS LAW REMAINS IN PLACE On Friday, December 14, Judge Reed O’Connor, a Texas federal district court judge, issued a decision in Texas v. Azar, a lawsuit challenging the constitutionality of the individual mandate and, with it, the entire Affordable Care Act (ACA).
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| Categories: Compliance TY2018, Penalties, Tax Year 2018, Employer Mandate | Tags: | View Count: (437)
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: (1493)
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.
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| Categories: IRS AIR eFiling , Tax Year 2018, 1095C, 226J | Tags: #ACV , VeriTrac | View Count: (1008)
There is only one good way to print and e-file your ACA 1095 forms
Tax year 2018 presents some special challenges. First the distribution of form 1095 employees is at the end of January, not a lot of time. In addition this coincides with delivery of W-2 and 1099 and other tax documents estimated by the IRS to be over 3.5 billion in tax year 2018.
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| Categories: IRS AIR eFiling , Tax Year 2018 | Tags: | View Count: (531)
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