Description
The ACA's reporting provisions require employers to file informational returns with the IRS and annual statements to employees. Even though the employer mandate only applies to "applicable large employers," large and small employers have reporting requirements.
To satisfy the coverage and reporting requirements of the ACA, employers must overcome a variety of challenges such as employee classification issues, reporting requirements for employers who are part of a "controlled group," and completing Forms 1094-B, 1095-B, 1094-C, and 1095-C. Businesses with filing requirements must meet these compliance requirements or face stiff penalties.
On Dec. 23, 2024, both the ERIA and the PBRA were signed into law, providing some relief to employers subject to ACA reporting requirements and penalty assessments. The combination of these Acts covers, along with other key items, (1) distribution of Forms 1095-B and 1095-C to covered individuals, (2) permitting electronic delivery of these forms under certain conditions, (3) IRS Letter 226-J, and (4) statute of limitations for IRS penalty assessments.
Listen as our authoritative panel of ACA experts discusses the new reporting and penalty rules and offers planning techniques to ensure employer compliance with the ACA's coverage and reporting requirements. The panel will offer guidelines for both applicable large employers and small employers who are not subject to the employer mandate but may still have reporting obligations, as well as outline the steps employers should take to avoid IRS audits and penalties.
Presented By
Ms. Greene has broad experience in a variety of employee benefits matters, such as compliance for employee retirement plans, health and welfare plans, cafeteria plans, wrap plan documents, COBRA, the Affordable Care Act, plan claims and appeals processes and claim disputes, and prohibited transactions. She advises on fiduciary responsibilities in administering plans and provides guidance on compliance with both U.S. Department of Labor and IRS regulations as well as assistance with related correction programs. Ms. Greene also counsels on executive compensation packages and in the context of mergers and acquisition due diligence, advising clients on both 280G and 409A of the Internal Revenue Code.
Ms. Zhang is an employee benefits/ERISA attorney. She focuses her practice on employee benefits and executive compensation, and the overlap between those areas and tax, labor, employment and corporate law.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.
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BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
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Date + Time
- event
Thursday, March 20, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
- IRC 6055 and 6056 reporting requirements
- New ACA compliance and penalty rules
- Employee classification issues
- Reporting requirements
- Forms to be furnished to employees
- Forms to be reported to the IRS
- Best practices and avoiding IRS audits and penalties
The panel will discuss these and other key issues:
- Recent federal regulations impacting ACA compliance
- Coverage and reporting requirements
- Analyzing current plan benefits and tax-favored arrangements to ensure ACA compliance
- Complying with "pay or play" responsibilities
- Responsibility for IRS ACA-related reporting
- Reporting requirements for employers that are part of a "controlled group"
- What to report and who should receive reports
- Forms required to be completed and deadlines
Learning Objectives
After completing this course, you will be able to:
- Identify employers that have filing requirements under the ACA
- Recognize key issues in employee classifications and potential compliance pitfalls
- Discern what information needs to be reported on Forms 1094 and 1095
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules, supervising other preparers/accountants. Specific knowledge and understanding of corporate or partnership structures, including attribution rules and consolidated entity filing; specific knowledge of information reporting to employees. Familiarity with ACA health care coverage requirements.
BARBRI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
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