The IRS has recently posted an announcement on their website, saying all mailing and correspondence including responding to Employer Shared Responsibility Payment (ESRP) was postponed until after July 15th, 2020. Translation: BenefitScape recommends that Employers should begin to gear up for IRS ACA Penalty Notices.

Important news! On July 13, 2020, the IRS released its draft TY2020 Forms 1095-C and 1094-C with some significant changes. Read about these changes here!

The IRS recently updated their indexing adjustments for certain provisions under IRC Section 36B in Revenue Procedure 2020-36. There are two important updates for your review.

Bulletin. NJ Entends efiling Deadline to May 15, 2020 With the deadline rapidly approaching to efile NJ Healthcare information, its evident that many small employers do not have the resources to comply with the New Jersey healthcare mandate e-filing requirements. Larger employers may not fare any better since the requirements are complex and require will require at a minimum technical experienced IT staff to handle the XML files required. Here is a guide to determining your organization’s rea...

As deadlines approach, here is a little help from your friends at BenefitScape to help with NJ mandate efiling. Take a look at this Outline of a project plan to enable e-filing to New Jersey starting with the IRS AIR XML file.