You and your affected clients should join us for a special webinar on the Internal Revenue Service (IRS) employer reporting for 2020 related to the Affordable Care Act (ACA). This webinar series is HRCI and SHRM accredited, so your clients’ HR staff can get the credits they need.
Reporting is required for all persons employed full-time for at least one full calendar month during 2020.
Reporting for 2020 is due to employees (using Form 1095-C) on or before March 2, 2021.
If filing by paper, reporting is due to the IRS, using Forms 1094-C and copies of all employees’ Forms 1095-C, on or before March 1, 2021.
If filing electronically (required when 250+ forms issued), reporting to the IRS is due by the last day of March.
An ALE may be a single company or may consist of multiple companies that are combined because of common ownership (such as parent and subsidiary entities or other related/affiliated entities), which the IRS calls a Controlled Group. It is imperative for a CPA or tax professional to make this determination if common ownership is a factor.
Have questions like, “Is my business an ALE?” or “What is an IRS Controlled Group?” Check out our video to get an overview of Affordable Care Act basics before attending the webinar.
Be sure you understand the vast requirements of mandatory IRS ACA reporting — and how to avoid fines for noncompliance. Act now to sign up for this valuable webinar, so you know what’s changed for 2020 and what you can do to reduce your risk of receiving an IRS 226J letter regarding a costly potential penalty. If you have questions, contact your Health Insurance broker.
With more than 14 years of experience in the health insurance industry, Rene has spent nearly half a decade working directly with brokers and employers on all-things compliance in the employee benefits space. Rene is a recognized speaker and subject matter expert on the Affordable Care Act, and he champions the Word & Brown Compliance team.