Nuances of State Reporting Series, No. 1: Electronic Reporting Requirements

June 11, 2014, 8:28 am EDT in Blog

State reporting can be an arduous task. Each state has an ‘Employer Withholding Guide’ (or a similar framework for instructions) that provides information regarding payment and reporting of the withholding tax which is unique to that state. The challenges of state reporting can be boiled down to the following premise:...

ACA challenge: Which internal department will be responsible for ACA reporting?

June 3, 2014, 2:31 am EDT in Blog

Tax information reporting under the Affordable Care Act (ACA) requires that insurance providers and large employers with 50 or more full-time employees report to the IRS on their health coverage offerings for their members and employees. Some of these companies are experiencing confusion regarding when reporting is necessary - and many are scrambling to determine which...

IRS official discusses complex ACA tax information reporting obligations

May 21, 2014, 2:15 am EDT in Blog

Tax reporting for large employers under the Affordable Care Act (ACA) enforces Internal Revenue Code (IRC) 4980H, the employer mandate of the health care law. According to Bloomberg BNA, Stephen Tackney, IRS deputy associate chief counsel of employee benefits, says that many are wondering why so much reporting is necessary....