Tag Archives: IRS

What to do about ACA Reporting

I have been advising employers to wait until February 1, 2017 before starting work on the 2016 1094 and 1095 forms. My hope was that, based upon all of the campaign rhetoric, the ACA reporting obligations would either be further … Continue reading

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Yellow Light (Again): IRS Extends ACA Deadline to Furnish Forms

On November 18, 2016, the IRS extended the due date for employers to furnish 2016 Form 1095-B and Form 1095-C to individuals from January 31, 2017 until March 2, 2017. The IRS stated that the extension is appropriate because a … Continue reading

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Yellow Light: IRS Delays Reporting Requirements Again!

Earlier today, the IRS announced an extension of the due dates for IRS Forms 1094 and 1095. In IRS Notice 2016-4, the IRS states that employers are not required to furnish individuals with either Form 1095-B or 1095-C until March … Continue reading

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Skinny Plans Do Not Provide Minimum Value Coverage

In an announcement made November 4th, the Internal Revenue Service (IRS) issued guidance indicating that “skinny plans” will not help employers avoid all of the “play or pay” penalties under the Affordable Care Act.  In Notice 2014-69, the IRS states … Continue reading

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State and 39 schools ask court to spare them from employer mandate

Below is a news release issued from the Office of the Indiana Attorney General: FOR IMMEDIATE RELEASE: Thursday, October 9, 2014 State and 39 schools ask court to spare them from employer mandate AG:  Federal court hears arguments in legal … Continue reading

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New 1023-EZ Form

On July 1, 2014, the IRS introduced Form 1023-EZ.  This form is a shorter (only three pages) version of Form 1023 (26 pages), which is the application used by charities seeking recognition of tax-exempt status under section 501(c)(3) of the … Continue reading

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Form 5500 Late Filing Relief

On May 9, 2014, the IRS issued two new guidance items concerning late-filing relief programs related to Form 5500. One of the guidance items, Revenue Procedure 2014-32, created a one-year pilot program providing penalty relief to plan administrators who fail … Continue reading

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Qualified retirement plans and same-sex marriages

Subsequent to the June 26, 2013 U.S. Supreme Court’s Windsor ruling, in which the Court held that same-sex marriages must be recognized under federal tax laws, the IRS and Department of Labor (“DOL”), respectively issued guidance concerning the impact of … Continue reading

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Adjustments to the Cadillac Tax Threshold Amounts

Beginning in 2018, an excise tax will be imposed on the value of health insurance benefits exceeding the applicable threshold. As noted in our earlier post, if a health plan exceeds the applicable threshold, the 40% excise tax will be … Continue reading

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IRS Snubs Public Schools On Employer Penalties

The Internal Revenue Service issued final regulations on February 10, 2014 regarding the employer penalties under the Patient Protection and Affordable Care Act (“PPACA”).  A copy of the final regulations is available here. Over the past year, Indiana public school … Continue reading

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