The Affordable Care Act (ACA) contains several tax provisions that affect employers. For example, the size and structure of your workforce – small or large – will determine which parts of the law apply to your organization. The number of employees you had during the prior year determines whether your organization is an applicable large employer for
The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of all sizes on how the health care law may affect them if they fit the definition of an applicable large employer. The web page includes the following sections: What’s Trending for ALEs, How to Determine if You are
The IRS sent letters to taxpayers this summer who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid on the taxpayer’s behalf in 2014. At the time, the IRS had no record that the taxpayer filed a 2014 tax return. Here are nine facts
The Affordable Care Act (ACA) requires many employers to offer health insurance to a certain classification of employees or be subject to fines. Your company’s obligations, along with deadlines for meeting the requirements of the new law, are determined by your company’s status as an Applicable Large Employer (ALE) which is determined by the number
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