With no changes to the Affordable Care Act (ACA) on the horizon, employers must remember their reporting requirements. The Internal Revenue Service (IRS) recently released final forms and instructions for 2017 ACA tax reporting, as detailed below. It is federally mandated that employers with 50 or more full-time or full-time equivalent employees must report information […]
The Internal Revenue Service (IRS) recently announced that it is extending the due date for certain 2016 Affordable Care Act (ACA) reporting forms to be provided to employees. The deadline for employers to provide Form 1095-B, Health Coverage or Form 1095-C, Employer-Provided Health Insurance Offer and Coverage to employees is March 2, 2017 (extended from […]
On December 28, 2015, the IRS issued Notice 2016-4, which extends the ACA reporting deadlines for 2015 as follows: (1) The due date for employers to provide the 2015 Form 1095-B, Health Coverage, and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage to employees is extended from February 1, 2016, to March 31, […]
On December 18, 2015, President Obama signed into law the Consolidated Appropriations Act, 2016, which includes a two-year delay in the implementation of the Affordable Care Act’s excise tax on high cost employer-sponsored health coverage — commonly referred to as the “Cadillac Tax.” The excise tax, which would have gone into effect in 2018, will […]
Beginning in 2016, employers subject to the Affordable Care Act’s (ACA’s) employer mandate must comply with reporting requirements concerning the health insurance coverage they offer to employees. These new requirements are confusing to employers, who have many reporting and open enrollment questions. CalChamber held a 90-minute webinar in late October to give employers the opportunity to […]
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