IRS Notice CP220J is a formal notice sent to employers who are assessed a penalty for failing to comply with the Affordable Care Act (ACA)'s Employer Shared Responsibility Provision (ESRP). This notice indicates a substantial penalty, often reaching up to $250,000, for non-compliance. Overview … [Read more...]
Understanding IRS Letter 227-N: Finalizing ACA Penalties
IRS Letter 227-N represents the conclusion of the Employer Shared Responsibility Payment (ESRP) process under the Affordable Care Act (ACA). This letter signifies that the IRS has made a final determination on the ESRP and that no further action will change the outcome. What Does Letter 227-N Mean … [Read more...]
Finalizing ACA Compliance: IRS Letter 227-M and Upholding the Penalty
IRS Letter 227-M is a pivotal document in the resolution of disputes related to the Employer Shared Responsibility Payment (ESRP) under the Affordable Care Act (ACA). This letter indicates that after reviewing the employer's arguments and additional information, the IRS has decided to uphold the … [Read more...]
Deciphering IRS Letter 227-L: Revised ACA Penalties and Employer Obligations
IRS Letter 227-L is issued to employers as a follow-up to previous communications regarding the Affordable Care Act (ACA) compliance. This letter signifies a revised calculation of the Employer Shared Responsibility Payment (ESRP) after the employer has submitted additional information or contested … [Read more...]
Addressing ACA Non-Compliance: Understanding IRS Letter 227-K and No Penalty Relief
IRS Letter 227-K is a crucial communication for employers who have contested the initial Employer Shared Responsibility Payment (ESRP) assessment under the Affordable Care Act (ACA). This letter indicates that after reviewing the information provided by the employer, the IRS has decided to waive the … [Read more...]
