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Affordable Care Act (ACA) Advisory

Shutdown Talk About Refunds Doesn’t Change Employer Filings

All the hubbub over the federal government shutdown has resulted in some confusion and questions about taxpayers and potential tax refunds they may be due.  Importantly, and as a reminder, we point out two important facts: This latest discussion concerns ONLY individuals and their individual Form 1040 tax filings and […]

ACA Remains in Force, Despite Court Ruling It’s Unconstitutional

A Texas federal district judge on Friday,  Dec. 14, 2018, held that the individual mandate was unconstitutional, and the remainder of the ACA was invalid and unenforceable in Texas v U.S. The court reasoned that without the individual mandate tax penalty, which was reduced to zero effective Jan. 1, 2019, under the […]

Long Term Care

IRS Extends Form 1095-B and 1095-C Deadlines, Also Provides Relief for Good-Faith Reporting

The IRS has now extended the due date for providing individuals with a 2018 Form 1095-B or 1095-C from January 31, 2018, to March 4, 2019. The extension was part of Notice 2018-94. Notably, the due date for filing 2018 Forms 1094-B, 1095-B, 1094-C, and 1095-C remains February 28, 2019, […]

Supreme Court

Rhetoric v. Reality: What is the Future for the Employer Mandate & Reporting?

With Republicans in control of the White House and both houses of Congress since 2016, many expected or hoped that the Affordable Care Act, in its entirety, would be a thing of the past by now. For Applicable Large Employers (ALEs), who may have anticipated relief from the employer mandate […]

The New ACA Bill: Delay or Repeal

The Hill reports a House GOP bill which seeks to “delay or repeal certain parts of” the Affordable Care Act “will cost $51.6 billion over the next decade, according to” an analysis conducted by the Congressional Budget Office. The article says the House Rules Committee is scheduled to “meet Wednesday to prepare […]