The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees in order to avoid possible penalties. Because this employer mandate has been criticized as burdensome for employers and an impediment to..
President Trump issued an Executive Order on the Affordable Care Act (“ACA”). Right now, the order has no immediate effect on employers who are in the process of complying with the ACA’s reporting requirements (Forms 1094 and 1095), which are not rescinded by the order.
The Internal Revenue Service (IRS) has released final 2016 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.