Just prior to the start of 2023 open enrollment season, the IRS finalized new rules that will now make it easier for some families to access premium tax credits (PTC) for health insurance purchased through an exchange...more
The Internal Revenue Service recently released a host of changes to Form 1095-C reporting required under the Affordable Care Act. This is welcome relief for large employers who struggle to deliver these forms to employees by...more
11/29/2021
/ Affordable Care Act ,
Employee Benefits ,
Employer Mandates ,
Filing Deadlines ,
Form 1094 ,
Form 1095 ,
Health Insurance ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Time Extensions
Earlier this month, the American Rescue Plan Act of 2021 (ARPA) became the latest COVID relief package passed by the federal government. ARPA, just like the many COVID relief packages that came before it, contains a number...more
In a similar move as in previous years, the IRS has issued relief from certain Form 1094-C and 1095-C reporting requirements under the Affordable Care Act relating to employee health plans, as well as relief from certain...more
10/19/2020
/ Affordable Care Act ,
Employee Benefits ,
Employer Group Health Plans ,
Filing Deadlines ,
Form 1094 ,
Form 1095 ,
Good Faith ,
Health Insurance ,
Individual Mandate ,
IRS ,
Penalties ,
Popular ,
Relief Measures ,
Reporting Requirements ,
Tax Liability
And just as we thought that the new coronavirus guidance was beginning to slow down, the IRS proved us wrong.
On June 23, 2020, the IRS issued new guidance on the waiver of required minimum distributions (“RMDs”) from...more