Earlier Deadlines for 2016 ACA Reporting

Earlier Deadlines for 2016 ACA Reporting

In 2016, the IRS extended the deadline for the 2015 ACA reporting by a few extra months. But for 2016 ACA reporting, the deadlines were not extended and the dates are soon approaching.

Also, Section 4980H Transition Relief (exempting medium sized employers with 50-99 and large employers with 100 or more full-time employees or full-time equivalents from penalties for the 2015 plan year if certain conditions were met) is ending in 2016. So this means medium and large employers will be subject to penalties should they fail to offer coverage to at least 95% of their full-time employees under ACA’s shared responsibility provisions.

Source: Greensfelder | ACA Reporting: Earlier deadlines and the end of transition relief

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