The Affordable Care Act is still alive, and that means health care information reporting is still required this winter and into the foreseeable future. And January is crunch time for your 2019 health care information reporting. Is your organization ready?
Bad news: The IRS isn't going easy on you anymore. It's now fully enforcing the employer mandate and assessing strict penalties for mistakes on your form 1095s and 1094s.
The first four years of employer ACA reporting did not go smoothly, and lots of employers got tripped up. WARNING: Penalties have more than doubled for filing incorrect information returns, including Forms 1095! So the pressure is on to get it right the first time.
A complete primer on the health care information reporting rules, this is your last, best chance to learn the step-by-step requirements for completing each form correctly the first time, so you can avoid costly penalties.