ACA and IRS Reporting Demystified
Webinar: Thursday | November 13 | 2:00 PM EST
Many employers believe they do not have to worry about IRS reporting for the Affordable Care Act until 2016, but the reality is that they must begin preparing in 2015 to file in 2016. And because the fines you (and your employees) may face in 2016 will be determined by the information submitted to the IRS, you can’t afford to make a mistake. This means you must begin accurately tracking eligibility and benefits information on a month-by-month basis in January 2015 to ensure you have the necessary data for reporting purposes.
In addition, the IRS has released drafts of the tax forms but has yet to issue the final ones. These forms will inevitably change, causing a lot of questions and uncertainty among employers. So how do you ensure that requirements for sections 6055 and 6056 are met and the correct forms are submitted on time?
Join us as we break down IRS reporting for the ACA where we’ll explain:
Who must send and receive the forms
What information must be prepared
When the information must be provided
Why each form is required
Tom Dowling, Partner, Stinson Leonard Street LLP
Kristin Lewis, Director of Product Management, Equifax Workforce Solutions
Need help with ACA compliance and IRS reporting? Contact us to learn more about our award-winning ACA Management Platform.