Author Archives: Ted Ginsburg, CPA, JD

IRS Now Issuing Penalties to Employers for Obamacare Violations

The IRS recently announced that it is now issuing penalties for employers who have violated the employer mandate for the 2015 tax year. Employers who delegated that responsibility to employees who didn’t understand the complex coding requirements, may now be faced with significant costs.

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IRS Compliance for 2017 ACA Coverage is Needed Despite Earlier Executive Order

In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.

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Entrepreneurs May Not Be Aware of Tax-Advantaged Fringe Benefits

Learn what employee fringe benefits your business may have based on its legal form of entity.

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Smaller Employers Can Now Offer Pre-Tax Medical Reimbursement Programs

On December 13, 2016, President Obama signed the “21st Century Cures Act” which could impact employers who are not subject to the Affordable Care Act (ACA) because they have fewer than 50 full-time equivalent employees.

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ACA Compliance Update: Deadline Extended for providing 2016 IRS Forms 1095-B and 1095-C to employees

On November 18, 2016, the IRS issued Notice 2016-70, which extends the time that employers can provide IRS Forms 1095-B and 1095-C to employees.

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Be Aware of Tax Scams Related to the Affordable Care Act

The IRS is now warning taxpayers of fake e-mails which attempt to convince the recipient to pay for a false penalty relating to the Affordable Care Act.

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Get Ready for New Overtime Regulations

Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.

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What is the Affordable Care Act?

The Affordable Care Act (ACA) is the health reform legislation passed by Congress and signed into law by President Obama in March, 2010. The ACA is the most significant overhaul of the U.S. healthcare system since the 1960s. It was enacted to expand access to health care and curb U.S. health care spending.

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ACA Reporting Deadlines Extended and Penalties Potentially Abated

There have been several new developments in the area of tax compliance with the filing requirements of the Affordable Care Act (ACA). These developments are in response to employer concerns regarding preparation of the initial series of IRS Forms 1095-B and C for their employees.

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Don’t Be Caught Unaware of the ACA—You May Be Subject To It

Few issues impacting employee benefits have received more press than the Affordable Care Act (ACA). Yet, many employers are unaware of when they will be subject to it, and if they are subject to it, what the impact of the ACA will be on their businesses.

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