The Internal Revenue issued a notice that businesses may be eligible during a for from potential related to the Act.
The published Notice 2015-17, a 7-page document that details the available, and give additional guidance on treatment company- .
Companies that their employees that don’t meet requirements, including certain restrictions on maternal and newborn , to employees, can be subject to a penalty in the form an excise under Code Section 4980D. The is intended to assist companies that need additional to replace those , the said.
The is available to companies with fewer than 50 - and -- employees. These smaller companies have the option using the ( ) to obtain for their employees, the noted.
“However, because the market is still transitioning and the transition by eligible to or other alternatives will take to implement, this guidance provides that the excise under Code § 4980D will not be asserted,” the notice stated.
The is available for all 2014, and through June 2015. After June , may be liable to the penalty.
Notice 2015-17 also discusses the obligations S corporations that provide to shareholders with 2% or more ownership, and states that “additional guidance” on this topic will be issued in the near future.