ACA Tax Reporting -Employers Not Prepared
How prepared are employers for the new ACA Tax Reporting requirements? A new ADP study reveals employer and employee confusion about the first new major tax-filing forms that the U.S. government has introduced in more than 70 years. Two in five employers surveyed say they are unfamiliar with new forms required by the IRS in 2016. Source: Plansponsor.com
Key Article Quotation:
“More than half of mid-sized businesses (52%) and 45% of large employers are unsure if they’re at risk of violating ACA compliance requirements this year, but nearly one in five employers think they are at risk of not complying with Form 1095-C requirements.”
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