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.

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.

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.

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.

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.