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Remember, No Good Faith Transition Relief This Year

ACA Times

The IRS protection was intended as “transitional” relief for employers that report incomplete or incorrect information on their 1094-C and 1095-C information returns, including missing and inaccurate taxpayer identification numbers (TINs). What are the penalties under IRC 6721? What are the penalties under IRC 6722?

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How to Handle ACA Filing Corrections With the IRS

ACA Times

This information must be reported to the IRS annually via Forms 1094-C and 1095-C. This means that the IRS has not identified any discrepancies between the information being communicated on the 1094/1095-C forms and the information within its internal databases. If submitting both, they need to be transmitted separately.

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ACA Filing Takeaways for The New Year

ACA Times

We hope you find these to be helpful as you head into 2020 and begin to prepare their ACA filings with the IRS: Are only full-time employees required to file 1095-Cs? The full-time employees do not in and of themselves file the 1095-Cs (or 1095-Bs). spouses/dependents). spouses/dependents). See IRS Pub. 301.6724-1(f)).

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Get to Know the ACA’s 1095-C Form

ACA Times

Employers preparing for IRS and state filing requirements should consider the importance of the 1095-C form. What is the 1095-C form? Form 1095-C is a record of an ACA full-time employee’s health coverage for a particular year. What information does the 1095-C form show? Who receives a 1095-C form?

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IRS Proposed Rule Could Eliminate ACA Paper Filing

ACA Times

Every year employers must file their ACA information via forms 1094-C and 1095-C to the IRS and any state government. Under the current regulations, employers filing less than 250 total 1095-C forms can choose to do so via the paper method. For the last seven years, there have been two methods for doing this, that is until now.

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ACA to Aid Millions in Obtaining Healthcare, KFF Report Finds

ACA Times

Whether they correctly receive the subsidy or not, the onus will be on employers to maintain accurate records as they gear up to file their 1094-C and employee 1095-Cs with the IRS next year. Some of these individuals may wrongfully receive the government subsidy, as a recent TIGTA report finds.

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Kazakhstan Startup CerebraAI Relocates Headquarters to Silicon Valley to Address Severe Emergency Care Diagnostics Gap through Novel Generative AI Medical Imaging Approach

Digital Health Global

References: 1 Oravec CS, Tschoe C, Fargen KM, et al. For more information, please visit www.CerebraAI.ai and follow us on LinkedIn. Trends in mechanical thrombectomy and decompressive hemicraniectomy for stroke: A multicenter study. The Neuroradiology Journal. 2022;35(2):170-176.doi:10.1177/19714009211030526