ACA Reporting Deadlines and Penalties
ACA Reporting Deadlines and Penalties Cheat Sheet. Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. The following...
Read More
Guidance on Wellness Indemnity Payments
IRS Issues Guidance on Wellness Indemnity Payments. On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal...
Read More
Upcoming Affordable Care Act Reporting Deadlines
Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2023. For the 2022 calendar year, covered employers must: Furnish...
Read More
Employee Benefit Plan Annual Dollar Limits for 2023
Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs)...
Read More