pesky IRS..

IRS issues formal notice delaying employer mandate and coverage reporting until 2015

July 26, 2013

On July 9, 2013, the IRS issued guidance that formally delays until 2015 the following Affordable Care Act provisions:

• The employer mandate tax penalties
• The coverage information reporting requirements for providers of minimum essential coverage
• The coverage information reporting requirements for applicable large employers

While tax penalties will not be assessed in calendar year 2014, the IRS is encouraging voluntary compliance. The notice indicates that the employer mandate tax penalties, and tax penalties for failure to comply with the coverage information reporting requirements, will take effect with respect to calendar year 2015.
Employer mandate
Tax penalties for an applicable large employer that either (1) does not offer coverage to full-time employees, or (2) offers coverage to full-time employees that does not meet affordability or minimum value standards, and has at least one full-time employee who receives an ACA premium tax credit, will not be assessed in 2014.

The notice also reiterated the general process for assessing tax penalties on applicable large employers. According to the notice, this process will take effect beginning with respect to any potential employer mandate penalties assessed for coverage months in 2015. Tax penalties would not be paid by the employer until 2016.

• After receiving information returns from applicable large employers (the coverage reporting referenced above, which is delayed until 2015) and information about employees claiming premium tax credits (primarily, via individual tax returns), the IRS will determine whether an employer mandate payment may be due.
• The IRS will then contact the employer. The employer will have an opportunity to dispute before payment is assessed.

The employer mandate penalty is expected to be remitted via a special assessment. After the process described above, if the IRS contacts an employer with a demand for payment it will instruct the employer on how to make payment.
Coverage reporting
The notice indicated that proposed rules on the delayed coverage reporting requirements are expected to be published in summer 2013. The proposed rule will include the transition relief (delayed effective date) described in the notice. The IRS intends to use the transition relief to discuss with stakeholders methods for simplifying the reporting requirements.
Effect on other provisions
The IRS Notice does not impact the effective date or applicability of any other provisions of the Affordable Care Act. If employers offer coverage, they still have to comply with all ACA mandates related to that offer of coverage, and any other applicable ACA provisions. The notice does not impact the individual mandate’s effective date, premium tax credit eligibility, or any other provision of the ACA outside of the delay in assessment of non-compliance penalties associated with Sections 4980H, 6055 and 6056 of the tax code (employer mandate, minimum essential coverage reporting and applicable large employer reporting requirements, respectively).
Where can I find more information?
More information can be found in Notice 2013-45.


http://www.bcbsm.com/content/microsi...reporting.html

zzzzzzzzzzzzzzzzzzzzzzzzzzz

So until 2016, no penalties, ( tax), of any consequence will be levied.

And even then, the Employer can dispute the Tax, which would put it into the court system, which could take years.

So what's the point?

So until 2016, no penalties, ( tax), of any consequence will be levied.

And even then, the Employer can dispute the Tax, which would put it into the court system, which could take years.

So what's the point? Originally Posted by Jackie S

the POTUS didn't delay the mandate.

So under whose authority did they do this?
Can you cite what part of the ACA allows the IRS to make these decisions.

So under whose authority did they do this?
Can you cite what part of the ACA allows the IRS to make these decisions. Originally Posted by The2Dogs

the IRS is an independent agency, apparently they can. Are you complaining because they cut a break to business owners ? If the IRS collects the fines, it stands to reason the can decide when to collect the fines.

Dear Mr Business owner, you have an extra year to get your shit together before we put you on the books, and the Republicans are over the top bitching about the delay. Remember that when you go vote.

Dear Mr Business owner, you have an extra year to get your shit together before we put you on the books, and the Republicans are over the top bitching about the delay. Remember that when you go vote. Originally Posted by CJ7

And $1000 says they'll be bitching about it when there's not another delay when the time comes.

And $1000 says they'll be bitching about it when there's not another delay when the time comes. Originally Posted by Doove

theres almost nothing left to say about the level of hypocrisy involved in the entire scenario...

laud the House for passing 44 bills to shut down ACA , then shit bitch bricks when the bill gets postponed a year.... and they want to govern this country?

riiiiiiiiiiiight

IRS Independent? You must have missed the administration led harassment of various groups.

Again, on whose authority was this done. The IRS does not make the laws.

Why should businesses get a break and not individuals?
Why is the ACA such a fucked up piece of shit legislation?
If the "law" was worth a shit it should not be so difficult to enact and enforce.
\Typical libtard mentality.
Democrats shit themselves again.

IRS Independent? You must have missed the administration led harassment of various groups.

Again, on whose authority was this done. The IRS does not make the laws.

Why should businesses get a break and not individuals?
Why is the ACA such a fucked up piece of shit legislation?
If the "law" was worth a shit it should not be so difficult to enact and enforce.
\Typical libtard mentality.
Democrats shit themselves again. Originally Posted by The2Dogs

The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue. The IRS is responsible for collecting taxes and the interpretation and enforcement of the Internal Revenue Code

One distinction between an executive agency and an independent agency is that the president, typically, cannot dismiss the head of the latter without serious cause. Independent agencies include the Securities and Exchange Commission, the National Labor Relations Board, the Federal Communications Commission and the Federal Trade Commission.
By contrast, the law governing the I.R.S. states that the president can remove the commissioner at will. The commissioner reports to the secretary of the treasury through the deputy secretary.
Federal law does include special provisions to ban presidential meddling in the I.R.S. It also gives the I.R.S. commissioner a 5-year term, which helps insulate the agency from the politics of the four-year presidential cycle.

specifically, that distinction qualifies the IRS as an executive agency ... my bad

I digress

back to the stupid question section, and my answers ..


the IRS delayed enforcement

the last delay was for individuals

you're an idiot

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hope that helps.


"So under whose authority did they do this?"

the same part/authority that you bitch about them collecting penalties for AHA

Can you cite what part of the ACA allows the IRS to make these decisions

Sections 4980H, 6055 and 6056 of the tax code.

IRS Independent? You must have missed the administration led harassment of various groups. Originally Posted by The2Dogs

Sorry, but we don't live in your dreams.

Didn't one of you progressive say the IRS didn't take orders from the White House since Nixon?

Kind of makes #ObamasShutdown look like a failure...

Didn't one of you progressive say the IRS didn't take orders from the White House since Nixon?

Kind of makes #ObamasShutdown look like a failure... Originally Posted by gnadfly

or makes you sound like an idiot.

Didn't one of you progressive say the IRS didn't take orders from the White House since Nixon?

Kind of makes #ObamasShutdown look like a failure... Originally Posted by gnadfly

or makes you sound like an idiot. Originally Posted by CJ7

Oh, yeah, it was CBJ7, the dumbass troll.