ComplianceMnthlyRecap MH 5.16.22

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 12:30:00 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