Compliance ✔- 2020 Forms 1094/1095 and Instructions

Compliance ✔- 2020 Forms 1094/1095 and Instructions

The IRS released the final version of Forms 1094-C, 1095-C, 1094-B, 1095-B and Instructions (for C Forms and B Forms). These forms are used by employers and other reporting entities who are subject to the Affordable Care Act’s health coverage reporting...
Compliance ✔- 2020 Forms 1094/1095 and Instructions

Compliance ✔- FFCRA Leave Revised Regulations

The Department of Labor revised FFCRA regulations related to the paid sick leave and expanded family and medical leave provisions, in light of the U.S. District Court for the Southern District of New York in an Aug. 3, 2020, decision that found portions of the...
Compliance ✔- 2020 Forms 1094/1095 and Instructions

Compliance ✔- 2021 ACA Penalty Amounts

The IRS increased the Affordable Care Act’s (ACA) pay or play penalties for the 2021 calendar year: Section 4980H(a) penalty: $2,700 per full-time employee (minus the first 30 employees) when an ALE does not offer coverage to “substantially all” full-time employees...