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Understanding the ACA Reporting Requirements: New Rules, New Responsibilities for 2021 Filing


This all-new, 75-minute webinar recording will help you:

  • Get compliant each step of the way

    Learn the legally safe requirements, from A-Z, to complete Forms 1095 and 1094.

  • Prepare for new IRS scrutiny

    How to stay compliant now that the IRS is cranking up its enforcement of ACA reporting again.

  • Avoid increased penalties

    File your ACA forms correctly and avoid the penalties that have already doubled for mistakes.

The IRS reporting requirements are the single most important addition to your duties in a generation.

Winter is crunch time for complying with your Affordable Care Act mandate to provide health care information reporting to employees. The IRS isn’t going easy on you anymore.

The pandemic forced the IRS to ease up on enforcement last year, but it’s planning to make up for this in 2021 by fully enforcing the employer mandate and assessing strict penalties for mistakes on your Form 1095 and 1094. And penalties have more than DOUBLED for filing incorrect returns. Is your organization ready?

Who has to file these forms this year? Which forms do you file—1095-C or 1095-B? What are the new deadlines? Must all employees be given the forms? What counts as an “offer of insurance”?  What’s an authoritative transmittal?

Get answers to these questions from a true payroll expert, attorney Alice Gilman, editor of Payroll Legal AlertThis is your last, best chance to get everything right and avoid those pricy penalties!

 

 

 

 

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Agenda for Understanding the ACA Reporting Requirements:

  • Who has to file the forms, and which forms to file with the IRS
  • All the new deadlines for paper and electronic filing
  • Which employees should receive 1095s and 1094s
  • Whether you can be penalized if an employee turns down your offer of health insurance
  • How to tell whether the health coverage you offer is "affordable" and provides "minimum value"
  • How cafeteria plan benefits and wellness benefits factor into the affordable/minimum value determinations
  • Why it's crucial to get employees' waivers of coverage in writing
  • How to track the data you'll need to complete the forms
  • Which reporting regimen will work best for you (the IRS gives you three options)
  • What you need to know about the affordability "safe harbors" that can help you avoid the employer mandate penalty

 

 

 

 

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Alice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 26 years. She's written and edited several leading payroll publications, including Payroll Legal Alert, the Research Institute of America's Payroll Guide, the American Payroll Association's Basic Guide to Payroll and the Payroll Manager's Letter.

Alice Gilman
Alice Gilman esquire and author

 

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Professional Certification Credit Hours Included:

 

This program is valid for 1.25 PDCs for the SHRM-CP® or SHRM-SCP®.

 

The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

We promise you'll be satisfied.

If Understanding the ACA Reporting Requirements fails to meet your needs in any way, we will refund every penny you paid – no hassles, no questions asked.