Affordable Care Act, Applicable Large Employers (ALE)

IRS Issues Affordability Percentage Adjustment for 2025

Woodruff Sawyer on 9/12/2024

The Internal Revenue Service (IRS) has released Rev. Proc. 2024-35, which contains the inflation adjusted amounts for 2025 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable...more

The Top Affordable Care Act Reporting Mistakes We Continue to See in 2024

Dickinson Wright on 5/14/2024

Nearly once a week, I receive a frantic call or email from a current or potential client who has received a proposed or final assessment from the IRS related to Affordable Care Act (“ACA”) reporting. So-called “Applicable...more

Compliance Alert: IRS Issues Affordability Percentage Adjustment for 2024

Woodruff Sawyer on 8/28/2023

The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable...more

Breaking Down ACA Penalty Letters: IRS’s 2021 Initiative

Trusaic on 8/25/2023

The IRS has issued its first ACA penalty letters for tax year 2021. While employers have been forewarned, many may not be fully armed to respond in a timely and compliant manner. The IRS is making good on its promise, and...more

Compliance Alert: Most Employers Are Required to File Electronic Information Returns Beginning in 2024

Woodruff Sawyer on 3/14/2023

On February 21, 2023, the IRS released Final Rules amending the existing requirements related to mandatory e-filing of information returns, including Forms 1094-C and 1095-C, among others. The final rules are effective for...more

Compliance Alert: IRS Releases Final Rules Extending Deadline to Furnish ACA Reporting Forms

Woodruff Sawyer on 1/5/2023

On December 12, 2022, the IRS released a Final Rule providing for, among other things, an automatic 30-day extension of time for applicable large employers (“ALEs”) to furnish annual Form 1095-C to individuals for calendar...more

IRS Confirms End of ACA Good-Faith Transition Relief and More

Trusaic on 12/15/2022

On December 12, the IRS issued final regulations confirming the end of good-faith transition relief. The good news is that the regulations also include a permanent, automatic 30-day extension for Applicable Large Employers...more

Most Frequently Asked Questions Heading into the 2023 ACA Reporting Season

Trusaic on 12/9/2022

We recently held a webinar regarding changes pertinent to the 2023 ACA reporting season. After receiving numerous questions from attendees during the event, we thought it best to compile them and share them for your reference...more

Prepare for Upcoming 2023 ACA Reporting Deadlines

Trusaic on 12/5/2022

Employers looking toward the new year will need to keep the 2023 ACA reporting deadlines in mind to avoid steep penalties from the IRS. Every year, Applicable Large Employers (ALEs) must file and furnish their ACA...more

5 Most Important Steps for Employers Doing Their 2023 ACA Compliance Planning

Fisher Phillips on 9/15/2022

Applicable large employers must adhere to many Affordable Care Act (ACA) rules to remain compliant regarding group health plan offerings. We offer the following checklist of the five most helpful reminders you should take...more

Employers May Have to Pay More in 2023 as Affordability Threshold Hits New Low

Seyfarth Shaw LLP on 8/18/2022

Seyfarth Synopsis: The IRS has announced adjustments decreasing the affordability threshold for plan years beginning in 2023, which may cause employers to have to pay more for ACA compliant coverage in 2023....more

Compliance Alert: IRS Issues Affordability Percentage Adjustment for 2023

Woodruff Sawyer on 8/12/2022

The Internal Revenue Service (IRS) has released Rev. Proc. 2022-34, which contains the inflation- adjusted amounts for 2023 that are used to determine whether employer-sponsored coverage is “affordable” for purposes of the...more

Employers May Have to Pay More in 2022 Under New ACA Limits

Seyfarth Shaw LLP on 6/29/2022

Seyfarth Synopsis: The IRS has announced adjustments decreasing the affordability threshold and increasing employer shared responsibility payments for plan years beginning in 2022....more

Finally, Final Instructions: Due Date for Furnishing Form 1095-C Extended

Seyfarth Shaw LLP on 12/22/2021

Seyfarth Synopsis: The IRS has released final instructions for completing Forms 1094-C and 1095-C for 2021. Notably the instructions provide that the due date for furnishing Form 1095-C to individuals is extended to March 2,...more

IRS Releases Final Forms for Next Round of ACA Reporting

Fisher Phillips on 11/30/2021

The Internal Revenue Service recently released final 2021 forms for Affordable Care Act (ACA) reporting under relevant Internal Revenue Code sections – and while not much is changing in terms of information you’ll need to...more

Affordable Care Act Deadlines Extended for 2020 Notices

Nelson Mullins Riley & Scarborough LLP on 10/6/2020

Similar to last year, in Notice 2020-76, the Internal Revenue Service (the “IRS”) has extended the deadlines for delivery (but not filing) of the 2020 Forms 1094 and 1095 required by the Affordable Care Act (the “ACA”)....more

Holiday Gift - ACA Deadline Extended for 2019 Notices

Nelson Mullins Riley & Scarborough LLP on 12/5/2019

Similar to last year, the Internal Revenue Service has given employers a holiday gift – an extension of the deadlines for delivery (but not filing) of 2019 Forms 1094 and 1095....more

What to Do if Your Company is Close to the Affordable Care Act's 50 Full-time Employee Threshold

Dickinson Wright on 9/23/2019

Having recently helped a client determine if it employed on average more than 50 employees per month in a calendar year and therefore was an applicable large employer (“ALE”) subject to the Affordable Care Act (“ACA”) in the...more

IRS Beginning to Send Affordable Care Act Notices to Religious Organizations

Dickinson Wright on 7/18/2019

According to statements made by the acting director of exempt organizations at the IRS, churches and other religious organizations will soon start to receive questions from the IRS about potential liabilities under the...more

Form 1094 and Form 1095 Reporting for Expatriate Employees

Verrill on 3/27/2019

Every IRS Form 1094/1095 filing season (roughly January and February of each year), we receive questions on reporting for expatriate employees. The most common questions: do we need to furnish a Form to expat employees...more

Good News for Employers: ACA Affordability Percentages Will Increase for 2019

Baker Donelson on 7/23/2018

The IRS just announced an increase in the maximum permitted employee contribution percentages in 2019 for the purpose of determining the affordability of an employer's health plan under the Affordable Care Act (ACA)....more

“Whoaaa, Nellie!” Before Submitting Form 14765 …

Balch & Bingham LLP on 12/7/2017

Entering a football stadium many years ago, your nimble correspondent encountered unarmed security contractors wearing uniforms featuring the company logo – a big, red bull’s-eye – on the front of the baseball cap and on the...more

Potential Year-End Surprise in Your Mailbox – A Letter from the IRS (updated)

Saul Ewing LLP on 12/6/2017

The Affordable Care Act or ACA (a/k/a “Obamacare”) is not dead, yet. Employers are starting to receive letters from the IRS notifying them that they owe assessable payments (“penalties”) under the employer shared...more

IRS Form 14764: Response to Proposed Assessment of 2015 Employer Mandate Tax

Balch & Bingham LLP on 11/22/2017

On November 17, the IRS published the Form that Applicable Large Employers must use to respond to IRS letters regarding proposed assessment of 2015 employer mandate taxes. Form 14764 is a paper, mail-in “ESRP Response” that...more

Beware: IRS To Begin Issuing ACA Employer Shared Responsibility Payment Penalty Notices

Schwabe, Williamson & Wyatt PC on 11/17/2017

The IRS has announced its next steps regarding the Employer Shared Responsibility Payments (the “ESRPs”), which are the ACA penalties assessable to “Applicable Large Employers” for failing to provide affordable health care...more

Patient Protection and Affordable Care Act (PPACA) › Applicable Large Employers (ALE)

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