Last month, President Trump signed an executive order that aims to “minimize the burden” of the Affordable Care Act pending repeal. However, compliance with the current rules are still mandatory. Learn more about what to expect in our recent article.
The IRS recently released a notice detailing transition relief for filing 2016 ACA Forms 1095-B and 1095-C. This relief extends the due date from Jan. 31, 2017, to March 2, 2017. Read more about this extension in our recent article.
Many people are unaware that there are potentially beneficial tax credits available in relation to the Affordable Care Act. With proper tax planning, you may be able to save thousands of dollars by taking advantage of the Advanced Premium Tax Credits (APTC). Learn more about these credits and the importance of tax planning in our recent article.
By now, most businesses have been affected in some way by the ACA. However, it is not always clear to small business owners what they need to do to stay ahead of this legislation and all its changes. There are many ACA rules that are making a large impact on small businesses. Shannon Breuer, Partner and Health Care Reform professional at Eide Bailly, discusses these impacts in an article on our Possibilities blog. Read the article here to learn more.
The Affordable Care Act has created complexity and an administrative burden for many businesses. The deadline for 2016 form completion is January 31, 2017. Are you prepared to comply?
Please join us for an informational/educational webinar for updated information related to the ACA, and to learn how Eide Bailly can help. The cost is $50 per registrant, and there are four opportunities to attend:
In this webinar, we will…
- Review the Affordable Care Act and current updates
- Discuss the importance of identifying and documenting measurement periods
- Understand current reporting requirements including IRC Section 6055 and 6056
- Review necessary information and form deadlines
There are many things that businesses need to consider regarding the Affordable Care Act, and it can be difficult to keep up with all of the due dates and requirements. Our recent article provides information on a variety of pertinent topics, including:
- Critical ACA Compliance Test
- Employment Status Change
- Transitional Relief
- Form Information
- Full-Time or Part-Time Status
- Signed Waivers
- Advanced Premium Tax Credit (APTC) Notices Issued
- 2016 Filing Deadline
- ACA Form Assistance
Click here to read the article and learn more.
For additional information, contact your Eide Bailly professional, or visit our Health Care Reform website.
New for 2015, large employers are required to give employees who are deemed full-time under the Affordable Care Act (ACA), more commonly known as Obamacare, a Form 1095-C. This form will let employees and the IRS know what type of insurance coverage, if any, was offered to employees. Employees should provide this document to their individual tax preparer when filing their individual tax return. For more information about this form please visit the IRS website.