3 Big Reasons to Distribute Form 1095-B/C Weeks Before the March 2nd Deadline Extension
As an Applicable Large Employer, the IRS requires you to distribute Form 1095-B/C to your Full Time employees by the recently extended deadline of March 2nd, 2018. Prior to the extension, the original deadline set by the IRS for Form distribution was January 31st, 2018. The BenefitScape team recommends delivering the Forms to employees as close to the original deadline for the following reasons:
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| Categories: Penalties, Tax Year 2017 | Tags: 1095 , TY2017 , Extension , ACA Compliance and Reporting | View Count: (3128)
IRS Extends Deadline for ACA Form 1095 Distribution To Employees to March 2, 2018.
IR-2017-209, Dec. 22, 2017 EXTENSION OF DUE DATE FOR FURNISHING STATEMENTS WASHINGTON ― The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Specifically, this notice extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2017, to March 2, 2017. This notice also...
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| Categories: | Tags: aca , form 1095 , extension | View Count: (1646)

Heads up! ACA Penalties are coming!

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Heads up! ACA Penalties are coming!
The IRS has recently released guidance on the Employer Shared Responsibility Payment, which details how ACA Penalties will be communicated to employers, how employers may respond, and how to pay the penalties. BenefitScape has reviewed these IRS updates and guidance for your review.
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| Categories: Penalties | Tags: TY2015 , TY2016 , ACA Penalties , Employer Shared Responsibility Payment | View Count: (1513)
Tax Year 2017 ACA Compliance and Reporting: Strict Compliance Replaces Good Faith
Is it time to stop swimming with the school and engage the services of an ACA Specialist? Given all the confusion surrounding ACA legislation many employers may not have taken the steps to ensure that the vendors they are using are in strict compliance. At BenefitScape, we have always held our filings to this standard.
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| Categories: Tax Year 2017 | Tags: ACA Compliance , 1095 , PPACA , IRSAIR | View Count: (1562)
ACA Compliance Matures as a Tax Filing Process and How BPaaS Helps
ACA compliance is both a new topic and one that has been stalled by continuous political debate. In fact, it is a complex important IRS tax filing that needs to be taken seriously and is subject to review audit and substantial penalties this white paper will outline a very viable solution referred to as BPaaS, or Business Process as a Service, that provides up-to-date information, analysis and business process available from the cloud, using only a web browser on an extremely economical basis.
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| Categories: AIR XML Requirement, IRS AIR eFiling , Tax Year 2017 | Tags: | View Count: (1638)
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