United Benefit Advisors Insight and Analysis Blog

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

Posted by: Matthew Meidell    Apr 7, 2020 1:30:00 PM

The 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.

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Topics: compliance, ACA, IRS, ESRPs

IRS Releases Information Letter on Employer Shared Responsibility Penalties under the ACA

Posted by: Karen Hsu    Nov 7, 2019 9:45:00 AM

The Internal Revenue Services (IRS) released an information letter responding to an inquiry of whether employer shared responsibility penalties (ESRPs) may be waived or reduced based on hardship or other factors and whether the IRS will extend the transition relief for employers with fewer than 100 employees.

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Topics: ACA, IRS, compliance recap, ESRPs