04 Jan IRS Releases 2016 Forms and Instructions for 6055/6056 Reporting

Posted at 02:14h in Benefits Administration, ClearPath blog, Default, Employee Benefits, employers, HR, IRS, Know Your Benefits, Workplace

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Updated January 4, 2017 Make sure you are up-to-date with the IRS new rules on 6055/6056 from our partner United Benefits Advisor (UBA) Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to...

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13 Dec Compliance Recap: November 2016

Posted at 10:00h in ClearPath blog, Compliance News, Employee Benefits, employers, Health Care, Helpful Tips, Workplace

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November was a busy month for administrative rulemaking in the employee benefits world. The Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of 2016 Form 5500 Annual Return/Report. The...

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02 Dec What to Expect in 2016 – Clarifying Some of the Confusion of the ACA

Posted at 08:30h in ACA, Benefits Administration, ClearPath blog, employers, Health Care Reform, PPACA

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Worried about the ACA in 2016? Check out this article from our partner, United Benefit Advisors (UBA) by Michael Weiskirch One thing rings true when it comes to the Affordable Care Act (ACA): “expect the unexpected.” I know this sounds cliché, but it was my best...

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08 Nov 3 things NAHU told the IRS about ACA premium tax credits

Posted at 08:30h in ACA, ClearPath blog, Compliance News, Health Care Reform, IRS, PPACA

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The National Association of Health Underwriters has tried to show Affordable Care Act program managers that it can take a practical, apolitical approach to thinking about ACA issues. Some of the Washington-based agent group's members strongly supported passage of the Patient Protection and Affordable Care Act...

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07 Nov Compliance Recap: October 2016

Posted at 08:00h in ClearPath blog, Compliance News, Employee Benefits, employers, Helpful Tips, Resources

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October was a busy month for administrative rulemaking in the employee benefits world. The Internal Revenue Service (IRS) released final instructions for Forms 1094-C and 1095-C, guidance on the taxability of health care sharing ministry employer contributions, and health care information reporting tips. The Department of...

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18 Oct IRS Releases 2016 Forms and Instructions for 6055 and 6056 Reporting

Posted at 08:30h in ACA, ClearPath blog, Compliance News, Health Care Reform, HR

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Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service to verify that individuals and employers have met...

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17 Oct New ACA Reporting Guidance

Posted at 08:30h in ACA, ClearPath blog, Compliance News, Employee Benefits, employers, IRS

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Just as employers are settling down after a hectic and often frustrating year of Affordable Care Act (ACA) reporting compliance, the IRS is gearing up for next year, and just released the 2016 draft forms and instructions. Employers should spend a few moments becoming familiar...

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13 Oct Compliance Recap: September 2016

Posted at 10:00h in ClearPath blog, Compliance News, Employee Benefits, HR, IRS

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Compliance Recap Provided by our Partner, United Benefit Advisors September was not a very active month for administrative rulemaking in the employee benefits world. The Internal Revenue Service (IRS), Department of Labor (DOL), and Pension Benefit Guaranty Corporation (PBGC) extended the public comment period for the...

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11 Oct 2016 Draft Forms & Instructions Released: Affordable Care Act Reporting Update

Posted at 08:30h in ACA, ClearPath blog, Employee Benefits, Health Care, Health Care Reform, IRS

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Great feature from The National Law Review by Damian A. Myers, Since our last ACA Reporting Update, the extended deadlines to distribute Forms 1095-B and 1095-C to covered individuals and employees and to file the forms with the IRS have passed.  The IRS has stated, however, that late...

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23 Sep Proposed regulations clarify TIN responsibilities, create new questions

Posted at 08:30h in ClearPath blog, Compliance News, HR, IRS

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Ryan Moulder gives a little clarity on the new TIN regulations in the article below. On Aug. 2, 2016 the IRS published in the Federal Register proposed regulations which among other things attempt to clarify the confusion regarding Taxpayer Identification Number solicitations. This is the government’s...

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