The IRS released the draft instructions for Forms 1094-C and 1095-C on November 13, 2019. And while many, including us, believe there would be some changes due to the reduction of the Individual Mandate to zero dollars, the draft showed little to no changes compared to the previous year.

The changes made in the instructions refer mainly to numerical figures that change year-to-year due to inflation. On page six, the second column section, “Information reporting penalties,” states the total penalty charged for a calendar year will not exceed $3,339,000, a $64,000 increase from 2018. Another noted change is found on...

Think back to when you were in college.  Did you have that one class that didn't seem important?  Maybe it was a requirement for first-year students. Perhaps it was a general education course that just couldn't hold your interest.  Yet, when you turned in the final exam, you had a feeling your lack of effort and interest would come back to haunt you.  Then, your grade posted, and it haunted your GPA for the next four years!

Meet the 226J letter from the IRS.  It is the threat that has...

Established in 2015, Medcom’s ACA Division has become our fastest growing area of expertise. In just under three years, Medcom has saved employers over $20 million in IRS penalties with our penalty support services.  Our expert staff of compliance professionals is always available to assist employers with facing the challenges of the ever-changing Health Care Reform. Medcom offers employers a full-service solution for planning, creating, distributing, and filing your ACA Reports.  Medcom’s solutions:

Strategic planning with a dedicated account manager

Analysis and management of data

Preparation of Forms 1094 and 1095<...