OVERVIEW Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2019 calendar year is due in early 2020. Specifically, reporting entities must: File returns with the IRS by 28, 2020 (or March 31, 2020, if filing electronically); and Furnish statements to individuals by March 2, 2020. Originally, individual statements were due … Continue reading UPCOMING ACA REPORTING DEADLINES
In January, the Department of Labor (DOL) increased the civil penalty amounts that may be imposed on employers under the following federal laws: The Fair Labor Standards Act (FLSA) The Employee Retirement Income Security Act (ERISA) The Family and Medical Leave Act (FMLA) The Occupational Safety and Health Act (OSH Act) These increased amounts apply … Continue reading DOL Increases Civil Penalty Amounts for 2019
Extend the due date for furnishing forms under Sections 6055 and 6056 for 2018 from Jan. 31, 2019, to March 4, 2019
The IRS released draft 2018 forms for Affordable Care Act (ACA) reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Draft instructions for 2018 have not yet been released.