IRS Still Issuing Letter 226J

The IRS is still issuing letter 226J to those employers who owe an employer shared responsibility payment (ESRP) based on the information completed during the ACA reporting (1094C and 1095C) for the 2015 calendar year.

Fortunately, we have seen that many of the 226J proposed employer assessments will be applied due to mistakes made in employer reporting rather than an actual violation of a 4980H requirement.

Please note: that the IRS is only sending letter 226J to those employers that were found to owe a penalty based on their ACA reporting information. The IRS is issuing letters for 2015 only at this time. We will continue to update our clients as we get more information https://at-casinos.com/.

The document included here provides information for your review: Background, Q&A, and Flowchart (should you receive a Letter 226J).

 

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About Michelle Cammayo, Compliance National Practice Leader, Employee Benefits

Michelle Cammayo has close to 20 years of Employee Benefits experience specializing in all lines of health and welfare benefits. Today, Michelle works closely with clients and partners to provide guidance in areas of the law including ERISA, HIPAA, COBRA, FMLA and PPACA. She is also the IMA National Practice Leader for Compliance and endeavors to ensure IMA helps its clients manage and eliminate risk in the most effective manner. She is passionate about educating others and her passion for this shined in the COVID era where Michelle conducted weekly and then monthly webinars providing guidance to employers. Her podcast, Cammayo’s Compliance Talk, has gained popularity in the last three years to become a favorite amongst our clients. She also contributes regularly to our Blog and has authored several articles for industry-related newsletters. Michelle’s consultative approach with employers provides practical advice as employers endeavor to be compliant.

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