IRS reporting Archives

ACA Reporting Changes – What You Need to Know

November 16, 2016

6055/6056 Reporting, Compliance Alert, Employer Mandate

This blog post is compliments of HR Service, Inc. (www.HRServiceInc.com). To learn more about HR Service, Inc. contact your Team BIM representative today. The Patient Protect and Affordability Care Act (“PPACA”) imposed strict, somewhat confusing reporting requirements last year which proved to be challenging for many organizations. In this bulletin, we focus on recent and […]

Compliance Recap // April 2016

May 20, 2016

6055/6056 Reporting, Affordable Care Act (PPACA), Benefit and Payment Parameters (BPP), Compliance Alert, DOL, HDHP, Health Savings Account, IRS, Preventive Services

As much of the country anxiously awaits the Department of Labor’s (DOL) long-promised final rule relating to overtime exemption regulations, the employee benefits space has been relatively quiet. March 31 was the first deadline relating to the IRS reporting of the employer shared responsibility provisions under the Patient Protection and Affordable Care Act (ACA) and […]

Compliance Recap // March 2016

April 8, 2016

6055/6056 Reporting, Affordable Care Act (PPACA), Benefit and Payment Parameters (BPP), CMS, Compliance Alert, Employer Mandate, HIPAA, SBC

The government was busy during the month of March, issuing the massive Benefit Payment and Parameters rule in addition to numerous other updates. The IRS has added filing errors relating to Form 5500 to its project list, and multiple federal agencies confirmed that the just-announced templates relating to the Summary of Benefits and Coverage will […]

Compliance Recap // June 2015

July 6, 2015

6055/6056 Reporting, Affordable Care Act (PPACA), Compliance Alert, DOL, Employee Benefits, Employer Mandate, ERISA, Health Savings Account, IRS, Same Sex Marriage

June was a busy month, with multiple updates from regulatory agencies as well as two important Supreme Court opinions that impacted the world of employer benefits. As the Supreme Court wrapped up the October 2014 term, it has granted petitions for the October 2015 term, which will ultimately impact ERISA plans. The IRS updated its […]