How long does the IRS notify companies about possible penalties? ETC Companies Director of Sales Matt Scott knows the timeline and the exact ways to prevent and reduce them. Serving clients in Houston, Texas and beyond, ETC Companies assists employers in their ACA IRS...
Today, Employers responsible for Forms 1094-B/1095-B or Forms 1094-C/1095-C that file less than 250 forms are not subject to electronic filing requirements through the AIR System. Many of these smaller employers choose to still submit these forms on paper and avoid...
The IRS recently began issuing 5699 letters requesting missing Forms 1094-C and 1095-C from Applicable Large Employers (ALEs) for the 2020 tax year. As a reminder, the IRS sends this letter each year to employers it suspects to be ALEs based on Form W-2 information...
Just prior to Thanksgiving, the IRS gave employers some lengthy proposed regulations to read thoroughly and finally in the end, something to be thankful for – an extension of the furnishing deadline for 2021 Forms 1095-B and 1095-C until...
The IRS recently released the 2022 affordability percentage that Applicable Large Employers (ALEs) use when determining whether their offer of coverage is affordable such that they are not subject to 4980H(b) penalty exposure. For plan years beginning in 2022, ALEs...
Nov 6, 2021On Saturday, November 6, the Fifth Circuit Court of Appeals placed a temporary hold on the OSHA Emergency Temporary Standard (ETS) requiring COVID vaccination or testing for employees of employers with 100 or more employees. The current ruling is temporary,...
