United Benefit Advisors Insight and Analysis Blog

IRS Releases an Opinion Letter on the Collection of Employer Shared Responsibility Penalties

By Matthew Meidell, Compliance Manager, at United Benefit Advisors
  Apr 7, 2020 1:30:00 PM

UBA-1000_March_Compliance_OpinionLetter_jrThe Internal Revenue Service (IRS) released an opinion letter addressing whether the employer shared responsibility penalties (ESRPs) under the Patient Protection and Affordable Care Act (ACA) are subject to a statute of limitations regarding IRS collection of the penalty amounts. In the opinion letter, the IRS states that ESRPs are not subject to a statute of limitations.

Topics: compliance, ACA, IRS, ESRPs