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New ACA Compliance, Reporting, and Penalty Rules: Avoiding IRS Audits and Penalties, Best Practices for Counsel

A live 90-minute premium CLE/CPE video webinar with interactive Q&A

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Thursday, March 20, 2025 (in 10 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926
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This CLE course will provide guidance to employee benefits counsel on effective methods to comply with Section 4980H of the Affordable Care Act (ACA) and new penalty rules provided under the Employer Reporting Improvement Act (ERIA) and the Paperwork Burden Reduction Act (PBA). The panel will discuss new compliance, reporting, and penalty rules; the challenges in classifying employees correctly under the monthly or look-back measurement methods; determining affordability; properly reporting offer and coverage information; and effective planning and compliance techniques to avoid IRS audits and penalties.

Description

The ACA's reporting provisions require employers to file informational returns with the IRS and annual statements to employees. Even though the employer mandate only applies to "applicable large employers," large and small employers have reporting requirements.

To satisfy the coverage and reporting requirements of the ACA, employers must overcome a variety of challenges such as employee classification issues, reporting requirements for employers who are part of a "controlled group," and completing Forms 1094-B, 1095-B, 1094-C, and 1095-C. Businesses with filing requirements must meet these compliance requirements or face stiff penalties.

On Dec. 23, 2024, both the ERIA and the PBRA were signed into law, providing some relief to employers subject to ACA reporting requirements and penalty assessments. The combination of these Acts covers, along with other key items, (1) distribution of Forms 1095-B and 1095-C to covered individuals, (2) permitting electronic delivery of these forms under certain conditions, (3) IRS Letter 226-J, and (4) statute of limitations for IRS penalty assessments.

Listen as our authoritative panel of ACA experts discusses the new reporting and penalty rules and offers planning techniques to ensure employer compliance with the ACA's coverage and reporting requirements. The panel will offer guidelines for both applicable large employers and small employers who are not subject to the employer mandate but may still have reporting obligations, as well as outline the steps employers should take to avoid IRS audits and penalties.

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Outline

  1. IRC 6055 and 6056 reporting requirements
  2. New ACA compliance and penalty rules
  3. Employee classification issues
  4. Reporting requirements
  5. Forms to be furnished to employees
  6. Forms to be reported to the IRS
  7. Best practices and avoiding IRS audits and penalties

Benefits

The panel will discuss these and other key issues:

  • Recent federal regulations impacting ACA compliance
  • Coverage and reporting requirements
  • Analyzing current plan benefits and tax-favored arrangements to ensure ACA compliance
  • Complying with "pay or play" responsibilities
  • Responsibility for IRS ACA-related reporting
  • Reporting requirements for employers that are part of a "controlled group"
  • What to report and who should receive reports
  • Forms required to be completed and deadlines

Faculty

Greene, Anne
Anne D. Greene
Attorney
Saul Ewing

Ms. Greene has broad experience in a variety of employee benefits matters, such as compliance for employee retirement...  |  Read More

Zhang, Jenny
Jenny Zhang
Attorney
Fennemore

Ms. Zhang is an employee benefits/ERISA attorney. She focuses her practice on employee benefits and executive...  |  Read More

Attend on March 20

See NASBA details.

Cannot Attend March 20?

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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