3 minute read: The Congressional Budget Office (CBO) issued a report last month that outlines the budgetary effects on American employment if the Raise the Wage Act of 2021 is …
Letter 226J
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- Affordable Care Act
The IRS is Issuing ACA Penalty Letter 226J for 2018
by Robert Sheenby Robert Sheen3 minute read: The IRS has begun to issue Letter 226J penalty assessments to employers that failed to comply with the ACA’s Employer Mandate for the 2018 tax year. If …
- Affordable Care Act
Employers May Face Additional Challenges with 2020 ACA Reporting
by Robert Sheenby Robert Sheen3 minute read: With the 2020 ACA filing deadlines fast approaching, employers will be met with additional reporting challenges due in large part to the COVID-19 pandemic. From determining full-time …
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3 minute read: Since the Biden Administration took office a few weeks ago, changes to help bolster the Affordable Care Act are already underway. President Joe Biden has already signed …
- Affordable Care Act
California Individual Mandate Penalties Will be Issued in 2021
by Robert Sheenby Robert Sheen3 minute read: State residents of California who failed to obtain health coverage during the 2020 tax year could see a penalty notice from the state as a part of …
- Affordable Care Act
ACA Improvements to Expect from the Biden Administration
by Robert Sheenby Robert Sheen3 minute read: The inauguration welcoming president-elect Joe Biden to the White House is imminent and with the recent shift in majority control of the Senate, we can expect a …
- Affordable Care Act
Biden’s ACA Enhancements Could Create Challenges For Employers
by Chris Areyby Chris Arey2 minute read: President-elect Joe Biden’s term will begin in a few short months and as he promised during his campaign, there will be a number of advancements made to …
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3 minute read: Earlier this year, the IRS issued the 2021 employer mandate penalties under IRC 4980H(a) and 4980H(b). It should come as no surprise that the penalty amounts have …
- Affordable Care Act
ACA Likely to Remain Following Supreme Court Oral Arguments
by Chris Areyby Chris Arey3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. …
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3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 …
- Affordable Care Act
Lower ACA Premiums Heading into Open Enrollment for 2021
by Chris Areyby Chris Arey3 minute read: The Healthcare.gov open enrollment period for the 2021 tax year will begin on November 1, 2020, and will run through December 15. Surprisingly, premiums are down and …
- Affordable Care Act
Possible ACA Outcomes If Joe Biden Is Elected in November
by Chris Areyby Chris Arey2 minute read: With the 2020 presidential election a few short weeks out, it’s incredibly important that voters understand what Joe Biden versus Donald Trump will do to the ACA …
- ACA ReportingAffordable Care ActForm 1095-C
Distribute Forms 1095-C by IRS Deadlines to Avoid ACA Penalties
by Robert Sheenby Robert Sheen3 minute read: *updated February 11, 2021 Every year, the IRS requires employers to furnish Forms 1095-C to their full-time workforce, in addition to filing them with the tax agency. …