October 2, 2013
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Archive for Items Categorized 'Healthcare Reform'
September 6, 2013
IRS Issues Proposed Rules on Employer Reporting of Health Plan Coverage
On Sept. 5, 2013, the Internal Revenue Service released two proposed rules on the Affordable Care Act’s requirements for certain employers to provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. These reporting requirements, found in Internal Revenue Code sections 6055 and 6056, are intended to provide the IRS with information to administer other ACA mandates, such as the employer and individual mandates. Earlier this summer, these reporting requirements were delayed until 2015, along with the employer mandate penalties.
