Search Blog
Subscribe Today
Enter your email address to
receive notifications of new
posts by email.-
About this Blog
Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
Topics
Useful Websites
The 95 Percent Test: Gearing up for Another Round of Employer Shared Responsibility Penalties
Late last year, the Internal Revenue Service (the “Service”) began enforcing penalties with respect to failures to comply with the employer shared responsibility provisions of Section 4980H of the Internal Revenue Code. In the coming months, the Service is expected … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 4980H, ACA, ALE, IRS, letter 226j, penalties
Share this Article:
Full Steam Ahead: IRS Moves Forward to Collect Affordable Care Act Penalties
As efforts to reform the Affordable Care Act (the “ACA”) stall in Congress, a recent government report suggests that the Internal Revenue Service is preparing to identify and collect employer shared responsibility penalties. The Treasury Inspector General for Tax Administration … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged ACA, Affordable Care Act, Form 1095-c, IRS, large employer penalties, penalties, reform
Share this Article:
A Little Breathing Room: IRS Extends ACA Reporting Deadline and Good Faith Penalty Relief
The IRS delivered welcome news to employers gearing up to meet the Affordable Care Act’s (“ACA”) information reporting deadlines for the 2016 calendar year. In Notice 2016-70, the IRS extended the deadline to furnish Forms 1095-B and 1095-C to employees. … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged ACA, ACA reporting, deadline, filing extension, Form 1095, Form 1095-B, Form 1095-c, good faith, good faith relief, information reporting, IRS, penalties
Share this Article:
When Anything Less than 95% is a Failing Grade: An Update on the Employer Shared Responsibility Penalties
As a reminder, effective January 1, 2016, employers must offer minimum essential coverage to 95% or more (up from 70% or more for 2015) of their full-time employees and their dependents each month or pay a very steep penalty. Missing … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 95%, ACA, Cadillac tax, health care reform, HRA contributions, penalties, penalty, shared responsibility
Share this Article: