The IRS has announced that it will notify employers of shared responsibility penalties under the Affordable Care Act (ACA) in “late 2017.” The penalties will be for calendar year 2015 — the first year that employer reporting was required. The notices will be in the form of letters from the IRS and there will be an opportunity for employers that disagree with a notice to respond and to appeal the penalties. The turnaround time for responses is short — generally only 30 days — and the IRS announcement did not mention any extensions. The penalties could be significant, ranging from $2,000 per employee calculated on the total number of employees, to $3,000 for each employee who received a subsidy under the ACA. Employers that receive penalty notices will need to be prepared to review the notices carefully, comparing them against the filings they made for 2015, and to respond within the 30-day time limit.
Join Christine Williams, founder of Health Plan Plain Talk, as she explains the notice procedures in detail and how employers that disagree with the notices can respond.
This webinar will cover:
- What will the notice look like and what information will be included?
- How can an employer determine whether the notice is accurate?
- What portions of the 2015 employer ACA reports will be relevant in reviewing the notices?
- What are the differences between the “A penalty” and the “B penalty”?
- If an employer disagrees with the notice, in whole or in part, how can the employer challenge it?
- Will the employer have a specific IRS representative to work with in challenging the notice?
- If the penalty is upheld, in whole or in part, will the full amount be due right away or will payment plans be available?
- And much more!
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