The IRS has begun to send letters to employers (Letter 226J) to begin the collection process for employers who failed to meet the §4980H requirements for benefits offered during 2015. Penalty calculations are based on data provided by employers to the IRS on Forms 1094-C and 1095-C. Many of the IRS proposed employer penalties are due to mistakes made in employer reporting, not to an actual violation of a §4980H requirement. This webinar reviews the §4980H rules and employer reporting requirements. We also explain the IRS penalty assessment dispute and collection process and help employers understand how to respond to an IRS proposed assessment.
Don’t forget – Frenkel Benefits can help with your Letter 226J needs.
We have a team of §4980H and ACA reporting experts who can aid employers with understanding Letter 226J and provide assistance in developing a response to the IRS. Employers should file immediately for a 30-day extension should they receive a notice.
Contact Brian Hasday at firstname.lastname@example.org or your Frenkel account executive for assistance with a Letter 226J response today.