Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

Education Consultant

Pentegra
(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



P4ESC Comment Letter on IRS Notice 2020-76: Transition Relief Related to Health Coverage Reporting Required by Sections 6055 and 6056 for 2020 (PDF)
Partnership for Employer-Sponsored Coverage [P4ESC]Link to more items from this source
[Opinion]
Jan. 29, 2021

15 pages. "[The Partnership for Employer-Sponsored Coverage (P4ESC) strongly urges] the new Administration to: ... [1] Revise the list of data requirements under sections 6055 and 6056 to be relevant and practical ... [2] Decouple information reporting for sections 6055 and 6056 from Form 1095-C.... [3] Enable applicable large employers (ALEs) to prospectively report to the IRS relevant data items about the type of coverage offered to their workforce of full-time employees ... prior to open enrollment season in the Exchanges ... [4] Eliminate the requirement that self-insured employers send an individual 1095-C form to all enrolled employees.... [5] Require review of ALE-filed data before a 226-J penalty notification letter is sent.... [6] Provide employers with 90 days, rather than 30 days, to appeal a 226-J tax penalty letter for any tax compliance year.... [7] Work directly with HHS and state-based Exchanges to verify employer information during open enrollment to determine individual premium tax credit eligibility."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.