The IRS began assessing §4980H (Employer Mandate) penalties late in 2017 by sending Letter 226Js. Letters are being received by applicable large employers who appear to owe a penalty based on the self-reporting submitted via a Form 1094-C and 1095-C. Through September 2018, the letters were tied to proposed assessments for the 2015 calendar year, but
The IRS began assessing §4980H (Employer Mandate) penalties late in 2017 by sending Letter 226Js. Letters are being received by applicable large employers who appear to owe a penalty based on the self-reporting submitted via a Form 1094-C and 1095-Cs for the 2015 calendar year, the first year that §4980H went into effect. Rather than sending
We mentioned in early November that the IRS had announced plans to start collecting 4980H employer penalties soon. “Soon” is “now,” as we have seen the so-called 226J assessment letters start to land in employers’ mailboxes. Here’s what we know so far: The IRS appears to be starting with 4980H(a) penalty assessments. By way of
Mama Told Me There Would Be Days Like This Applicable Large Employers (ALEs) have been hoping that Congress, or the Trump administration, would make the ACA employer requirements go away. However, I have been warning our clients that we need to be prepared for the IRS to begin collecting employer payments for violation of the §4980H