Tackling Program Integrity in Government Services

Government agencies face two key challenges: budgets under pressure and programs have to be streamlined to fight off fraud, waste, and abuse. Fortunately, agencies now have access to data and analytics tools that can help ensure program integrity and save taxpayer money. On May 23, Government Executive Media Group hosted a webinar called “Program Integrity: Ways [Read More…]

Sample Letter 227 Added to IRS Website, Closes Loop in ESRP Inquiries

Recently, the IRS added a new page to their website – Understanding Your Letter 227 – offering new samples of Letters 227. These five samples (Letters 227-J through -N) show the various responses that the IRS is using to acknowledge ESRP inquiries and provide employers with next steps regarding proposed ESRP amounts noted on the [Read More…]

ACA Employer Mandate Remains, Tax Bill Repeals Only Individual Mandate

On December 20, 2017, the House of Representatives held a final vote approving the Tax Cuts and Jobs Act, a tax bill that includes the repeal of the individual shared responsibility provision of the Affordable Care Act (ACA), commonly referred to as the individual mandate. The individual mandate required all United States taxpayers who did [Read More…]

ACA Penalty Notices Hit Mailboxes, Sample Letter 226J Available

Thanks to a partnership with a third-party legal consultant, Equifax has learned that employers are indeed receiving Letter 226J from the IRS for Affordable Care Act (ACA) non-compliance in tax year 2015. The Equifax ACA team explained in a recent blog post that such penalty letters were forthcoming, and now it’s confirmed they’re here. To [Read More…]

New IRS Guidance: Letter 226J, Paying ACA Penalties

Update, 11/21/17 – Letter 226J is Arriving to Employers The Equifax ACA team has learned that employers have begun receiving Letter 226J for non-compliance during tax year 2015. Additionally, a recent communication from the American Staffing Association (ASA) confirmed, “ASA has been informed that some staffing firms have begun receiving employer tax assessments from the U.S. [Read More…]

IRS Releases ACA Forms, Instructions, and Guidance for 2017

In October, the Internal Revenue Service (IRS) published updated versions of  Affordable Care Act Forms 1094-C and 1095-C, as well as the instructions for how to complete the forms for tax year 2017. Forms 1094-C and 1095-C are used by Applicable Large Employers (ALEs) to report on employer-provided health insurance offers and coverage.  The updated [Read More…]

Understanding Trump’s October 2017 Executive Actions

There have been two recent actions by President Trump regarding the Affordable Care Act (ACA) that may cause employers some confusion. The Equifax ACA team has compiled an overview to  help employers better understand what these actions mean for their organization. 1.) The Executive Order from 10/12/2017- Presidential Executive Order Promoting Healthcare Choice and Competition Across [Read More…]

Repeal of Affordable Care Act Derailed by Senator McCain

Background After several months on a legislative roller coaster ride, the effort by congressional Republicans to repeal and replace the Affordable Care Act (ACA), President Obama’s signature piece of healthcare legislation, has abruptly come to a halt. Early on Friday, July 28, 2017 – following a dramatic return to the Senate after receiving a diagnosis [Read More…]

Senate Republicans Reveal the Better Care Reconciliation Act

Background In recent weeks, Senate Republican leaders held a series of private meetings to draft a bill they hope will repeal and replace the Affordable Care Act (ACA) through the budget reconciliation process, which allows Congress to repeal and replace key components of the ACA legislation with a simple majority vote (and with no opportunity [Read More…]

ACA Legislative Update: June 2017

It has been just over a month since the House of Representatives passed the American Health Care Act (AHCA) bill on May 4th. If you’ve been wondering, “What’s been going on lately? What’s next?” you’re certainly not alone. What’s happened since the May 4th AHCA bill passage? The Congressional Budget Office (CBO) released its report [Read More…]