Affordable Care Act
Affordable Care Act Penalties: Letter 226J
The Affordable Care Act (ACA) filings started in tax year 2015 and the reporting has been ongoing. The applicable large employers (ALE’s) that have been required to file the 1095/1094-C haven’t seen any penalties...
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Does ACA repeal = No more IRS reporting requirements?
With headlines trending on the repeal of the Affordable Care Act (ACA) a lot of employers are wondering….Will I still have to report employee health coverage to IRS next year? In short the answer...
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IRS Extends the Deadline to Furnish Forms 1095-C & 1095-B
Today on November 18, 2016 the IRS sent out Notice 2016-70 announcing the extension for furnishing information returns 1095-C and 1095-B to recipients. This will be the second year for mandated ACA reporting and...
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President Trump and the Fate of the ACA
Tuesday night’s election outcome defied pollster predictions and Trump’s entrance to the White House raises some questions about the future of the Affordable Care Act (ACA). During Trump’s presidential campaign he continually promised to...
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Affordable Care Act Premiums Expected to Increase in 2017
The ACA has become a hot topic during the presidential debate and both candidates admit, on varying levels, that there needs to be some changes made. Donald Trump would like to replace the law...
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TAB SERVICE COMPLETES A SUCCESSFUL ACA REPORTING YEAR
As of June 30, 2016 Tab Service Company is happy to announce the successful completion of complying with the new ACA reporting for its customers. These complex reporting requirements for health insurance providers and...
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IRS Extends ACA Reporting Due Dates – December 28th 2015
Yesterday afternoon the IRS released their 4th notice concerning ACA reporting dated 2016 and it is still 2015! This notice extends the due dates for the 2015 information reporting requirements under section 6055/6056. The...
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TSC1099 introduces their new Affordable Care Act (ACA) Reporting & Compliance application
CHICAGO, Sept. 16, 2015 /PRNewswire/ — Tab Service Company has been a leader in 1099 tax form outsourcing services for decades. The tax form processing application TSC1099, is a complete cloud-based reporting and compliance solution. ...
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What happens when an ALE does not offer affordable coverage?
Starting in the 2015 reporting year if an ALE does not offer affordable coverage or MEC (Minimum Essential Coverage) to full time employees and their dependents they will be subject to a shared responsibility...
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Supreme Court Upholds Affordable Care Act Subsidies
Just today, the US Supreme Court released their decision to uphold the nationwide tax subsidies for the Affordable Care Act. This comes as a big relief for many because of the amount of time,...
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