IRS Letter 5698 is issued to employers to alert them of potential non-compliance with the Affordable Care Act (ACA) filing requirements. This notification typically precedes more formal penalties and is intended as a proactive measure to encourage compliance before further action is … [Read more...]

IRS Letter 5699 is sent to employers suspected of not complying with the Affordable Care Act's (ACA) reporting requirements. This letter serves as a request for missing information, specifically targeting entities that have failed to file the required Forms 1094-C and 1095-C. Why Letter 5699 Is … [Read more...]

IRS Letter 5005-A is issued to employers who fail to comply with the reporting requirements mandated by the Affordable Care Act (ACA). This letter specifically addresses failures related to the provision of health coverage information that should be reported annually to both the IRS and the covered … [Read more...]

Section 6722 of the Internal Revenue Code focuses on penalties for providing incorrect statements to payees, a critical component in maintaining compliance under the Affordable Care Act (ACA) among other tax-related responsibilities. This section penalizes the failure to provide accurate information … [Read more...]

Section 6721 of the Internal Revenue Code addresses penalties imposed for the late filing or incorrect filing of information returns, including those related to the Affordable Care Act (ACA) compliance. This section is critical for employers as it defines the financial repercussions for not adhering … [Read more...]