United Benefit Advisors Insight and Analysis Blog

Understanding Clients’ IRS Play-or-Pay Penalty Assessment Letter

Posted by: Danielle Capilla    Apr 26, 2018 4:46:07 PM

Recently, clients may have contacted you with questions about Letter 226-J, which they would have received from the Internal Revenue Service (IRS) during or after the end of 2017. These letters stated that your clients might owe money, either because the IRS didn’t offer health coverage to enough of its full-time employees, or because the health coverage that it did offer wasn’t affordable (or minimum value).

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Topics: health insurance policy, Health Coverage Tax Credit, play or pay requirements, ACA penalties, benefits compliance, tax law, Compliance Advisor

Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments)

Posted by: Danielle Capilla    Nov 16, 2017 9:30:00 AM

Recently, the Internal Revenue Service (IRS) issued the instructions for Forms 1094/1095 for the 2017 tax year, announced PCORI fees for 2017-18, and announced cost-of-living adjustments for 2018. The IRS provided additional guidance on leave-based donation programs' tax treatment and released an information letter on COBRA and Medicare. Here’s a recap of these actions for your reference.

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Topics: ACA, COBRA, PCORI, Affordable Care Act, tax law, leave-based donation program