Employer Mandate Penalty Notices Reportedly Forthcoming

NATSO has learned that the Internal Revenue Service (IRS) may be starting to send out notices to employers regarding potential tax liability under the Affordable Care Act (also known as "Obamacare") employer mandate for calendar year 2015.  Calendar year 2015 was the first year of reporting under the 6055 and 6056 reporting requirements (forms 1094 and 1095).  The data for 2015 calendar year reporting was due to the IRS in March of 2016.  The IRS has been reconciling this data and this is why the 2015 notices are being sent. 
The initial notification letter than an employer would receive regarding possible tax liability is Letter 226-J.  More information on Letter 226-J is available here.  The IRS's questions and answers page on the Affordable Care Act requirements contains additional information about the Letter 226-J and additional correspondence about paying and appealing penalties (questions 55-58).
Tiffany Wlazlowski Neuman's photo

Tiffany Wlazlowski Neuman

Tiffany Wlazlowski Neuman develops and executes communications strategies to advance NATSO’s public relations and advocacy goals. Tiffany also develops and oversees partnerships related to the NATSO Foundation’s public outreach initiatives. Tiffany lives in the D.C. metro area with her husband and their two sons.More
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