IRS

Who Has To Provide 1094/1095-C Statements to Employees and the IRS?

Who Has To Provide 1094/1095C Statements to Employees and Information to the IRS? Question The insurance carrier confirmed that the Form 1095-Bs were filed for the fully insured plan, so does th...

Amwins Connect - March 2024 Question of the Month

Amwins Connect – March 2024 Question of the Month Question What is the penalty for failing to prepare and submit Forms 1094 and 1095 (B or C)? Answer Employers that fail to file, file late...

Employer Reporting Tip - ACA Reporting Deadlines

Employer Reporting Tip - ACA Reporting Deadlines February 29, 2024 Question Are there extensions available for the ACA employer reporting deadlines? Answer The ACA employer reporting de...

Purchase or Sale of Paid Time Off Through a Section 125 Cafeteria Plan

Purchase or Sale of Paid Time Off (PTO) Through a §125 Cafeteria Plan February 2024 Background §125 Cafeteria plans are generally set up to give employees access to a range of tax-free benefi...

ACA 1094 and 1095 Submission Deadlines - Employer ReportingTip

ACA 1094 and 1095 Submission Deadlines - Employer Reporting Tip Question When are the ACA employer reporting forms (Form 1094 and Form 1095s) due? Answer Copies of Form 1095s (1095-B or...

IRS Announces 2025 Decreases for Employer Shared Responsibility Penalties

IRS Announces ACA Penalties for 2025 Under Code §4980H (a) and (b) February 2024 On February 12, 2024, the IRS released Rev. Proc. 2024-14 to provide the adjusted excise tax amounts under the Af...

Updates to IRS FAQs - Premium Tax Credit

Updates to IRS FAQs about the Premium Tax Credit February 9, 2024 FS-2024-04 This month, the IRS updated their Frequently Asked Questions document with more information about the Premium Tax...

Most Common ACA 1094/1095 Errors - Employer Reporting Tip

Most Common ACA 1094/1095 Errors - Employer Reporting Tip February 1, 2024 Question What are the most common employer reporting errors? Answer As experts assist with Letter 226J appeals...

Events Permitting Election Changes Mid-Plan Year

Events Permitting Election Changes Mid-Plan Year The Plan may be drafted to permit an individual to change an election mid-year based on a permitted event. Alternatively, a plan sponsor may design ...

2024 ACA Pay or Play and Filing Late Penalties

ACA penalties for applicable large employers (ALEs) are increasing in 2024. Find out how much and when penalties may apply.

Webinar Replay - 2024 Health FSA and Transportation Benefit Limits

2024 Health FSA and Transportation Benefit Limits 11-15-2023 Now that the 2024 health FSA and Transportation Benefit limits have been published, this webinar will confirm the numbers and then al...

Amwins Connect - November Question of the Month 2023

Amwins QOTM November 2023 - Domestic Partner Benefits While opposite-sex and same-sex marriages are permitted nationwide, today’s workforce presents a wide variety of relationship arrangements for ...