The Internal Revenue Service (“IRS”), Tax Exempt and Government Entities Division (“TEGE”) is responsible for ensuring that plan sponsors, individuals and benefits practitioners understand and comply with the tax law. Under the Affordable Care Act (“ACA”), an Applicable Large Employer (“ALE”) must offer coverage to its employees and their dependents (e.g. children). Furthermore, an ALE must file an information return with the IRS annually, beginning 2016, and must pay associated penalties for failure to offer coverage, if applicable.
Affordable Care Act Reporting – 1094/1095
- Q&As About Affordable Care Act – Employer Shared Responsibility Provisions
- Applicable Large Employer
- 1094/1095 Instructions
- 1094/1095 FAQs
For Developers and Transmitters:
If you file 250 or more Forms 1095-B or Forms 1095-C, you must electronically file them with the IRS. Electronically filing ACA information returns requires an application process separate from other electronic filing systems. Additional information about electronic filing of ACA Information Returns is on the Affordable Care Act Information Reporting (AIR) Program page on IRS.gov and in Publications 5164 and 5165.
Through the Taxpayer Advocate Service (“TAS”), the IRS provides tools to be used by employers and individuals to assess penalties, determine measurement periods, assess potential small employer tax credits, assess premium tax credits and determine individual tax penalties.
- The Employer Shared Responsibility Provision Estimator
- Use the estimator to determine the number of full-time employees, whether you might be an applicable large employer, and to compute maximum potential liability for the employer shared responsibility payment.
- The Small Business Health Care Tax Credit Estimator
- Use the estimator to determine eligibility for the Small Business Health Care Tax Credit and if so, the amount of the credit. Because the credit is indexed for inflation, future year estimators will not be detailed.
- The Premium Tax Credit Change Estimator
- Use the estimator to determine how much the premium tax credit will change if income or family size changes during the year.
- The Individual Shared Responsibility Payment Estimator
- Use the estimator to determine the amount to pay if an individual did not have minimum essential coverage during the year.
Small Business Tax Credit
Domestic Partners and Civil Unions
Cadillac Tax (Excise Tax on High Cost Employer Sponsored Coverage)
- General Information
- Enforcement Initiatives
- Healthcare Fraud – Criminal Investigations
- Audit Techniques and Tax Law – COBRA cases
Tax Exempt Organizations
A tax-exempt organization must file an annual return or notice with the IRS, unless an exception applies. These annual returns are the Forms 990, 990EZ, and 990PF. The annual notice is Form 990N (e-postcard).
The Form 990 is a tool used by the IRS to gather information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance. Organizations use the Form 990 to share information about their programs. Finally, states may rely on the 990 information to perform regulatory oversight and to satisfy state income tax filing requirements for organizations claiming exemption from state income tax.
- Tax Information for Charitable Organizations
- Search Forms 990N filed
- Copies of Form 990 Returns
- Amazon Web Services – Form 990 information is available in readable format for years 2011 to present.
The information contained on this site is for educational purposes only. USI does not provide legal or tax advice. For advice specific to your situation, please consult an attorney or other professional.
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