The IRS recently began issuing 226J letters proposing 4980H penalties against Applicable Large Employers (ALEs) for the 2018 tax year. As a reminder, the IRS bases these penalty amounts from two sources – health coverage information reported by ALEs on Forms 1094-C...
The IRS recently published the draft instructions for the 2020 Forms 1094-B and 1095-B. As a reminder, small employers with self-insured health coverage are responsible for completing this reporting by the following deadlines: Furnishing deadline for 2020 Forms 1095-B...