IRS Issues Pay or Play Enforcement Guidance

    Posted by Soules Insurance on Tue, Nov 28, 2017

    On Nov. 2, 2017, the Internal Revenue Service (IRS) updated its Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA) to include information on enforcement. Specifically, these Q&As include guidance on:

    - How an employer will know that it owes an employer shared responsibility penalty
    - Appealing a penalty assessment
    - Procedures for paying any penalties owed.

    The IRS also maintains a website on understanding Letter 226-J, as well as a sample letter, which will be used to inform employers of their potential penalty liability.

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    Tags: Affordable Care Act, ACA, IRS, Letter 226-J, Internal Revenue Service, Pay or Play Enforcement