ACA Reporting for 2017

  EVENT DATE

February 22, 2017

  PRESENTER(s)

Dayna J Reum

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 60 Minutes




This program has been approved for 1.0 PDCs toward SHRM certification hours.

DESCRIPTION



The IRS issued Notice 2016-70 on Nov. 18, 2016, giving employers subject to the Affordable Care Act's (ACA's) 2016 information-reporting requirements up to an additional 30 days to deliver these forms to employees. The deadline to distribute forms to employees in 2017 shifts from Jan. 31 to March 2.The IRS did not change the deadline for filing Forms 1094 and 1095 with the agency. Those deadlines remain Feb. 28 (paper) or March 31 (electronic).

The Affordable Care Act (ACA) is the healthcare reform law that expands and improves access to care and curbs spending through regulations and taxes. It was a tough filing season in regards to the new ACA 1094 and 1095 forms. Employers faced several challenges, and as soon as we all got comfortable we find out the IRS this summer released the draft forms for 2016 filing season with several updates. 2015 was the year when we did ACA reporting for the first time. So, what did we learn and how can we make the process easier.  Join the payroll & tax expert Dayna J. Reum for this informative webinar to learn the best practices that businesses and employers have done to have a better process.  She will discuss about the updates from the IRS on what they learned can help the employer with this complicated and confusing process.

Course Objective:

  • ACA Reporting Requirements Overview
  • What information needs to be reported and by whom
  • What are the updates in Penalty Structure
  • 2016 Form update and review
  • 1095C changes review 
  • Review of the IRS AIR Program
  • Challenges from the 2015 filing season
  • Deadlines as per IRS

Who Will Benefit:

  • Payroll Professionals
  • Compensation Professionals
  • Benefits Professionals
  • Accounting Professionals
  • Tax Professionals
  • Human Resource Professionals
  • C level and Executives




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