Posts tagged Form 1095-B.
Ho, Ho, Ho, ACA Reporting Relief Five Years in a Row

Since 2015, employers and health insurers have been required to report health plan coverage information to the IRS and to individuals.  Why?  The information is necessary in order for the IRS to administer certain portions of the Affordable Care Act (“ACA”), such as whether (1) a “pay or play” penalty is assessable for noncompliance with the coverage requirements, (2) an individual is eligible for a premium tax subsidy, and (3) the individual mandate penalty is assessable.

Recently issued Notice 2019-63 contains three gifts from the IRS in the form of limited relief to ...

Posted in: Federal Tax, Nonprofit Organizations and Benefit Plans
Tags: ACA, Affordable Care Act, Form 1095-B, Form 1095-C, IRS, Tax, tax benefits, Tax Law
Email Sign Up
Burr
Jump to Page
Arrow icon Top

Contact Us

We use cookies to improve your website experience, provide additional security, and remember you when you return to the website. This website does not respond to "Do Not Track" signals. By clicking "Accept," you agree to our use of cookies. To learn more about how we use cookies, please see our Privacy Policy.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.