Newly Passed Legislation Modifies ACA Reporting Requirements
On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA) reporting requirements under Internal Revenue Code Sections 6055 or 6056. Under these reporting rules, certain employers and health coverage providers (reporting entities) must provide information to the IRS about the health plan coverage they offer […]
Applicable Large Employer ACA Reporting Guide
Understand & Comply with Your Reporting Obligations This Employer Guide is designed to help applicable large employers (ALEs) understand and comply with their reporting obligations under Internal Revenue Code (IRC) Sections 6055 and 6056. Section 6056 requires ALEs to report information on the health coverage offered to full-time employees and their families, while Section 6055 […]