For those who think the chance of being assessed penalties for non-compliance with the Affordable Care Act are slim to none, think again. The IRS’ efforts to enforce the ACA’s employer mandate are alive and kicking. Since late November 2017, the IRS has been sending out proposed penalty notices to companies they believe were not
Season’s Greetings from the IRS: Employer ACA Penalty Notices are in the Mail
Posted in Business and Corporate, Labor and Employment Law
The IRS is starting to notify employers of their potential liability under Obamacare’s employer mandate for the 2015 calendar year. According to the IRS, the determinations are based on the employer’s 1094-C/1095-C informational returns filed for the 2015 tax year as well as individual tax information filed by the employer’s employees.
The IRS will notify…
Lawsuit Claiming that Employer Sought to Evade Obamacare Costs Leads to $7.4 Million Class Action Settlement
By David Whitaker, Brian Carnie & Robert Schmidt on
Posted in Labor and Employment Law
As employers are well-aware, the Affordable Care Act (ACA or “Obamacare”) imposes certain minimum employee health insurance coverage requirements for employers that employ 50 or more fulltime employees (aka “applicable large employers”). Employers who do not meet the employee coverage mandate face statutory penalties for non-compliance. In the face of these additional costs, some employers…
Some (But Not All) ACA Deadlines Extended for 2016 Reporting Year
By Brian Carnie on
Posted in Health Law, Labor and Employment Law
On Friday, November 18, 2016, the IRS announced an automatic extension of the Affordable Care Act deadlines for distributing the 1094-B/1095-B and 1094-C/1095-C forms to employees. This relief gives applicable employers an additional 30 days (from January 31, 2017 to March 2, 2017) to deliver these forms to employees. This relief only applies for the…
Louisiana Employers Beware: Your Reimbursement Plan May Violate Affordable Care Act Market Reforms
By Brian Carnie on
Many employers in the past have offered employees cash to reimburse the purchase of an individual policy from a private insurance carrier or on the Marketplace (aka the Exchange) or for other substantiated medical expenses in place of employer sponsored group health coverage. However, the federal government has recently taken the position that such an…