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December 27, 2017

Furnishing Deadline Delayed for 2017 ACA Reporting

On Dec. 22, 2017, the Internal Revenue Service (IRS) issued Notice 2018-06 to extend the due date for furnishing forms under Sections 6055 and 6056 for 2017 for 30 days, from Jan. 31, 2018, to March 2, 2018; and extend good-faith transition relief from penalties related to 2017 information reporting under Sections 6055 and 6056.
August 17, 2017

IRS Confirms ACA Mandate Penalties Still Effective

The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties.
May 16, 2017

ACA Affordability Percentages Decreasing in 2018

On May 5, 2017, the Internal Revenue Service (IRS) issued Revenue Procedure 2017-36 to index the contribution percentages in 2018 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA).