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…]

New from Equifax – ACA Fine Management Services

To further help employers’ Affordable Care Act (ACA) compliance and management initiatives, Equifax has launched ACA Fine Management Services for Letter 226J support. As the IRS continues to send Letter 226J – Employer Shared Responsibility Payment (ESRP) proposals to potentially non-compliant employers – it’s important for HR and compliance professionals to proactively create a response plan to [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…]

3 Letters from the IRS Your Organization Can’t Ignore

The failure of the Senate’s “skinny repeal” bill signaled what many employers were waiting to hear definitively: the Affordable Care Act (ACA) is here to stay, at least for now. If your organization had previously been playing “wait and see” regarding your reporting obligations, now is the time to comply with the ACA or face [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…]

Future Compliance Obligations Hinging on the Fate of the ACA

Future Compliance Obligations Hinging on the Fate of the ACA With future compliance obligations hinging on the fate of the ACA and/or the AHCA, some employers may be tempted to hold off on making any large-scale changes to their ACA compliance strategy. However, it’s important for employers to continue adhering to the current ACA reporting and compliance [Read More…]

CA & VT Send ACA Subsidy Notifications, Federal Next?

Recently, the Affordable Care Act (ACA) State-Based Healthcare Marketplaces in California, Covered California, and Vermont, Vermont Health Connect, sent ACA subsidy notifications for 2017 open enrollment to employers, joining the marketplaces of Connecticut, Minnesota and Washington who have also sent notifications. Equifax obtained copies of these newly-sent ACA subsidy notifications, which you may view here [Read More…]

10 Most Common ACA Challenges Employers Face in 2017

It’s been quite a saga for the Affordable Care Act (ACA) over the last year. It was dead, then maybe not, and now it’s here to stay (at least for now). In a recently-released audit and report completed by the Treasury Inspector General for Tax Administration (TIGTA) titled, “Affordable Care Act: Assessment of Efforts to Implement [Read More…]