Tag: ACA

Protective claim for 2016 Medicare surtax and NIIT must be filed by July 15 (or later in 2020 if you extended and timely filed your 2016 return)

  • July 10, 2020
  • Maria Montie, CPA, MST, CVA, MAFF

Recently, the U.S. Supreme Court agreed to hear appeals concerning the constitutionality of the Affordable Care Act (ACA).  If the Court eventually determines the ACA is unconstitutional it could affect the legality of the taxes the ACA imposes—in particular the...

IRS will not accept returns without health coverage for 2018 filing season

The IRS recently announced that it‎ will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act for the upcoming 2018 filing season. The return must indicate whether the...

Executive Order issued on Affordable Care Act

On January 20, President Trump issued an Executive Order that sets the broad policy of his administration to repeal the Affordable Care Act (ACA). The EO directs federal agencies with authority and responsibility under the Act to waive, defer, grant exemptions...

21st Century Cures Act allows small employers to provide HRAs

On December 13, 2016, President Obama signed into law the "21st Century Cures Act" which provides a medical innovation package that funds medical research, accelerates cutting-edge treatments for rare diseases, and makes significant reforms to the mental health system. This...

IRS extends Affordable Care Act reporting deadline

The IRS has extended the 2017 due date for providing 2016 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2017 to provide Forms 1095-B or 1095-C to...

Understanding the Small Business Health Options Program (SHOP) Marketplace

The Small Business Health Options Program (SHOP) Marketplace is designed for small employers who want to provide affordable, flexible and convenient health and dental coverage to their employees. To use the SHOP Marketplace, your business or non-profit organization must have...

Updates to Employer Shared Responsibility for 2016

We’d like to provide our business clients with an update to employers’ responsibility as it relates to medical insurance for their employees. The relief for applicable large employers (ALEs) with 50 to 99 full-time equivalents (FTEs) is no longer available for 2016. ...

Guest Author Tricia Godin: ACA employer reporting and cadillac tax delayed

  • January 19, 2016
  • Tricia Godin

This update is part of a Brown & Brown series summarizing new guidance issued in connection with the Patient Protection and Affordable Care Act (ACA).  For this edition, we are focusing on the delay of two key provisions. Employer Reporting...

Requirements and time deadlines of the Affordable Care Act

Health Care Reform brings uncertainty for businesses of all sizes. The Affordable Care Act (ACA) was signed into law on March 23, 2010. Various provisions of the ACA have been phased in over the years and will continue to be...

Client Question: Does Affordable Care Act coverage mandates apply to controlled groups?

  • July 23, 2014
  • David Shindel

Business owners with multiple related entities that might not separately fall under ACA mandate guidelines might do so when considered in whole with the rest of the business.  The distinction lies in whether or not the entities are part of...