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IRS Extends ACA Employer Reporting Due Dates
HR Daily AdvisorLink to more items from this source
[Guidance Overview]
Dec. 30, 2015
"Employers will have 60 more days to send notices to participants and beneficiaries, and about 90 more days to send notices to the IRS about health coverage offered and employees' health coverage status, the IRS announced Dec. 28.... On Dec. 7, the IRS increased the penalty on 'providers of coverage' -- employers and insurers -- that fail to report, and violate Code Sections 6722 and 6721. The fine is now $250 for each return that was not sent, with a maximum penalty of $3 million."

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