The ACA Times

Brought to you by TRUSAIC

  • Biden’s ACA Enhancements Could Create Challenges For Employers

    Biden’s ACA Enhancements Could Create Challenges For Employers

    2 minute read: President-elect Joe Biden’s term will begin in a few short months and as he promised during his campaign, there will be a number of advancements made to The post Biden’s ACA...

    Read Article
  • ACA Employer Mandate Penalties Increasing in 2021

    ACA Employer Mandate Penalties Increasing in 2021

    3 minute read: Earlier this year, the IRS issued the 2021 employer mandate penalties under IRC 4980H(a) and 4980H(b). It should come as no surprise that the penalty amounts have The post ACA...

    Read Article
  • Subscribe Now
  • ACA Likely to Remain Following Supreme Court Oral Arguments

    ACA Likely to Remain Following Supreme Court Oral Arguments

    3 minute read: The Affordable Care Act may have avoided the possibility of being removed once and for all, as the Supreme Court hearing last week suggests. The California v. The post ACA Likely to...

    Read Article
  • Prop 22 has Significant Implications on ACA Healthcare Benefits

    Prop 22 has Significant Implications on ACA Healthcare Benefits

    2 minute read: With everyone’s attention focused on the results of the presidential election, folks may not realize that California Prop 22 will pass. As of November 6, the status The post Prop 22...

    Read Article
  • IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

    IRS Announces COVID-19 Tax Relief Initiative to Help Taxpayers

    2 minute read: On November 2, 2020, the IRS announced several changes to its collection procedures to assist struggling taxpayers impacted by COVID-19. These changes include: Taxpayers who qualify...

    Read Article
  • Election Day Recap and Potential ACA Changes

    Election Day Recap and Potential ACA Changes

    3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020 The...

    Read Article
  • Election Day Recap and Potential ACA Changes

    Election Day Recap and Potential ACA Changes

    3 minute read: Heading into Election Day, a record-breaking one million Americans cast their ballots early, creating a myriad of potential challenges for determining a clear victor in the 2020

    Read Article
  • Lower ACA Premiums Heading into Open Enrollment for 2021

    Lower ACA Premiums Heading into Open Enrollment for 2021

    3 minute read: The Healthcare.gov open enrollment period for the 2021 tax year will begin on November 1, 2020, and will run through December 15. Surprisingly, premiums are down and The post Lower...

    Read Article
  • The New 1095-C Codes for 2020 Explained

    The New 1095-C Codes for 2020 Explained

    2 minute read: We recently covered the ins and outs of the ACA’s Form 1095-C. Now, we will be covering the new codes that are anticipated for the 2020 tax The post The New 1095-C Codes for 2020...

    Read Article
  • D.C. Upholds Health Carrier Tax, Supporting ACA Health Exchanges

    D.C. Upholds Health Carrier Tax, Supporting ACA Health Exchanges

    3 minute read: An argument regarding the District of Columbia’s ACA health exchange tax was decided late last month. The decision rules in favor of the tax, supporting state-run health The post...

    Read Article
  • IRS to Require Reporting of ICHRAs on Tax Forms for 2020

    IRS to Require Reporting of ICHRAs on Tax Forms for 2020

    2 minute read: An Individual Coverage Health Reimbursement Arrangement (ICHRA) can be beneficial for employers and employees alike. According to HealthCare.gov, employers can “control costs by...

    Read Article
  • Possible ACA Outcomes If Joe Biden Is Elected in November

    Possible ACA Outcomes If Joe Biden Is Elected in November

    2 minute read: With the 2020 presidential election a few short weeks out, it’s incredibly important that voters understand what Joe Biden versus Donald Trump will do to the ACA The post Possible...

    Read Article
  • Form 1095-C Deadline Approaching, Employers Avoid Penalties

    Form 1095-C Deadline Approaching, Employers Avoid Penalties

    2 minute read: “What exactly is Form 1095-C?” It’s a question that employers often ask when they’re first introduced to the responsibilities of the ACA’s Employer Mandate. In this post, The post...

    Read Article
  • SCOTUS Nominee & ACA Compliance Complications

    SCOTUS Nominee & ACA Compliance Complications

    2 minute read: With the potential of Trump’s nominee, Amy Coney Barrett, becoming the newest justice on the U.S. Supreme Court in time for the November 10, 2020 hearing on The post SCOTUS Nominee...

    Read Article
  • Employers Must Show Reasonable Cause for Failure to File IRS Forms

    Employers Must Show Reasonable Cause for Failure to File IRS Forms

    2 minute read: The IRS imposes penalties for late filing of Forms 1094-C and 1095-C or for late furnishing of Forms 1095-C under Internal Revenue Code (IRC) Sections 6721 and The post Employers...

    Read Article
  • Big IRS News Concerning 2020 ACA Deadlines

    Big IRS News Concerning 2020 ACA Deadlines

    2 minute read: The IRS just released very important guidance concerning employers’ obligations under the Affordable Care Act. Notice 2020-76, released October 2, 2020, addresses a broad array of...

    Read Article
  • Proposition 22 Will Require Healthcare Subsidies and Reporting

    Proposition 22 Will Require Healthcare Subsidies and Reporting

    2 minute read: Proponents of Proposition 22 have flooded TV airwaves with ads warning against the loss of jobs if Prop 22 does not pass. Prop 22 is a ballot The post Proposition 22 Will Require...

    Read Article
  • ACA Expectations Heading into the 2020 Election

    ACA Expectations Heading into the 2020 Election

    3 minute read: As the fourth quarter of 2020 draws near, so does the presidential election. A popular topic of debate to be addressed in the coming election is healthcare, The post ACA...

    Read Article
  • IRS Releases New ACA Filing Information for the 2020 Tax Year

    IRS Releases New ACA Filing Information for the 2020 Tax Year

    2 minute read: The IRS has published various Affordable Care Act Information Returns (AIRs) documents for the 2020 tax year with which employers will need to familiarize themselves before...

    Read Article
  • What You Need to Know About Letter 5699

    What You Need to Know About Letter 5699

    2 minute read: What Is Letter 5699? Letter 5699, Missing Information Return Form 1094/1095-C, is used to make initial contact with an organization that the IRS believes may have been The post What...

    Read Article
  • loading
    Loading More...