Do employers have to offer health insurance to dependents under the ACA?
Yes, under the Affordable Care Act (ACA), employers with 50 or more full-time employees (or full-time equivalents) are required to offer health insurance coverage to their employees’ dependents, but not to spouses. The coverage offered to dependents must meet the ACA’s minimum essential coverage requirements. Key points: Dependents are typically defined as children under the […]
Are businesses with 49 employees subject to the ACA?
The Affordable Care Act (ACA) generally applies to businesses with 50 or more full-time employees (or full-time equivalent employees). If a business has 49 or fewer employees, it is not subject to the ACA’s Employer Shared Responsibility provisions, which require employers to provide health insurance to their full-time employees or face penalties. Key points for […]
Who is considered a full-time employee under ACA?
Under the Affordable Care Act (ACA), a full-time employee is defined as someone who works, on average, 30 hours or more per week. This threshold is used primarily to determine whether an employer is required to offer health insurance to their employees under the Employer Shared Responsibility provisions of the ACA. Here are some key […]
What employees should do when they receive Form 1095-C
You do not need Form 1095-B or Form 1095-C to file your tax return. While these forms provide information about your health coverage, they are not required to be attached to your tax return. However, you may still need them to verify your health coverage and to ensure that you are compliant with the Affordable […]
Can I email Copy B of 1099 forms to recipients instead of mail?
IRS Requirements for Electronically Distributing 1099 Forms Yes, you can email Copy B of 1099 forms to recipients instead of mailing them. The IRS allows electronic delivery of Form 1099 (including Copy B) to recipients, but you must obtain their explicit consent before emailing the form. This consent should be documented in case of future […]
Key Components of a B-Notice
Notices CP2100 and CP2100A are known as “Backup Withholding Notices” and are sent when a payee’s name or Taxpayer Identification Number (TIN) does not match the records of the IRS. An IRS B-Notice is a letter a payer sends to a payee, typically formatted as a formal notice. The payer is responsible for creating and […]
