September 18, 2015 Yesterday, the IRS released final instructions for Forms 1094-B, 1095-B, 1094-C and 1095-C for 2015. The instructions provide new guidance on how HRAs are reported: On page 3 of the instructions to the Form 1095-B, the IRS indicates: If an individual is covered by more than one type of minimum essential coverage, reporting is […]
The United States District Court for the District of Wyoming dismissed a lawsuit seeking to declare Indian tribes exempt from employer penalties under the Affordable Care Act’s (ACA’s) shared responsibility provisions. The tribe argued that Congress didn’t intend to cover tribal employers. Facts of the case: The Northern Arapaho Tribe, a federally recognized Indian tribe, […]
As a tax-advantaged employee benefits plan, an FSA can save consumers money on out-of-pocket healthcare expenses. FSA Store is exclusively stocked with thousands of FSA-eligible products, which reduces the guesswork about reimbursement. In addition to thousands of healthcare products, FSA Store offers educational tools to help consumers better understand what’s covered by their FSA. A […]
August 9, 2015 On August 6, 2015, IRS released draft instructions for Forms 1094-C and 1095-C for 2015. The following is an overview of important provisions to consider in the completion of the forms: 1. Who Must File: If an employer is offering health coverage to employees other than under a self-insured plan, such as through […]
Being terminated for taking job-protected leave was the No. 1 reason employees filed FMLA-related complaints with the U.S. Department of Labor last year. Termination 42% Discrimination 24% Refusal to grant leave 20% Refusal to restore to position 12% Failure to maintain benefits 2% Source: DOL Wage & Hour statistics, FY2014
FMLA Lawsuits can be a nightmare. We have seen a growing number of stories about expensive FMLA lawsuits that end up costing employers hundreds of thousands of dollars. How can you as an employer avoid them? Consider these recent lawsuits that could have been avoided. The Staples Lawsuit Staples Inc. recently struggled with an FMLA […]
In his 2015 State of the Union Address last January, President Obama said employees should get the overtime they’ve earned. He then directed the U.S. Department of Labor (DOL) to review and amend the overtime rules under the Fair Labor Standards Act (FLSA) to make more workers eligible. On June 30, the DOL took steps […]
As the U.S. Supreme Court adjourns for its summer recess, the landmark cases about same-sex marriage and the Affordable Care Act premium tax credits have garnered most of the publicity. However, you should also know about these three lesser-known Supreme Court decisions that may significantly affect your business. Kimble v. Marvel Enterprises (S. Ct. No. […]
A reporting entity that fails to comply with the Code § 6055 or 6056 reporting requirements may be subject to the general reporting penalties for failure to file correct information returns and failure to furnish correct payee statements. Two different sections of the Internal Revenue Code discuss the penalties for not complying with Code Sections […]
The IRS has provided both new and updated Q&A guidance on the reporting requirements for applicable large employers under the federal tax code. As background, beginning in 2016, applicable large employers must file Forms 1094 and 1095 to provide information to the IRS and plan participants about health coverage provided in the prior year. The […]
