The debate on the best way to repeal and replace the Affordable Care Act (ACA) is likely to continue to evolve in the hours, days and weeks ahead.
The Information Reporting Program Advisory Committee (IRPAC) of the Internal Revenue Service (IRS) issued its 2016 report to IRS Commissioner John Koskinen on October 26. The report includes a number of recommendations to improve compliance with the Affordable Care Act (ACA) employer reporting requirements under Internal Revenue Code sections 6055 and 6056.
As if complying with the ACA wasn’t already tough enough, employers now face an updated set of forms, notices and penalties.
The Internal Revenue Service (IRS) released draft instructions for completing forms 1094-C and 1095-C on Aug. 2, 2016. The instructions will guide employers in completing revised draft Forms 1094-C and 1095-C, which were released by the IRS on July 7, 2016.
The good news is, you survived a lot of the Affordable Care Act’s (ACA’s) major changes. The bad news is, it’s not over yet.
Legal expert John Barlament will lead his next Alliance Learning Circle on the Affordable Care Act (ACA) and other compliance issues on Aug. 16. Barlament is a lawyer and partner with Quarles & Brady LLP, Milwaukee.