FCCI Insights | Penalties (4)

ACA Penalties To Hit $228 Billion

2015 marked the first year where the Affordable Care Act was arguably set into clear motion, as new policies and mandates from employer to employee and covering others were just getting acclimated to new procedures. This was all in the midst of working with health insurance providers along with..

ACA Penalties To Hit $228 Billion

2016 Employer Mandate Penalties: Do You Have To Pay?

2016 Employer Mandate Penalties: Do You Have To Pay?

As an applicable large employer (ALE) with at least 50 full-time and full-time equivalent employees, the Affordable Care Act requires employers to..

Reporting Deadlines Extended

Reporting Deadlines Extended

The IRS has extended by almost two months the due date for providing employees with Affordable Care Act information forms, and provided an extra..

“Pay or Play” Penalties For 2015 and 2016

“Pay or Play” Penalties For 2015 and 2016

The IRS has announced the 2015 and 2016 “pay or play” penalties, adjusted for inflation, that may be imposed on employers who fail to comply with..

Penalties Increased for Filing Errors

Penalties Increased for Filing Errors

Penalties in sections of the Internal Revenue Code relating to the failure to timely file correct and complete information in a return as well as..