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The ACA’s Employer Shared Responsibility Provisions FAQs

In Affordable Care Act by Jason FreemanLeave a Comment

The Affordable Care Act (“ACA”) contains a number of complex provisions.  One provision that has received significant attention of late is the employer shared responsibility penalty.  With the IRS’s recent wave of penalty notices aimed at employers, taxpayers are are taking note. Below are a number of FAQs dealing with the employer shared responsibility provisions, courtesy of IRS guidance: 1. …

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Affordable Care Act: Employer Penalties

In Affordable Care Act by Jason FreemanLeave a Comment

The IRS recently issued the first wave of notices to employers, proposing penalty assessments for Employer Shared Responsibility Payments under Section 4980H of the Internal Revenue Code.  The current notices generally cover penalties for the 2015 tax year—subsequent-year penalty notices will likely be issued soon.  Many of the proposed assessments would result in penalties that total in the millions.  Employers …