IRS Notice 972CG is issued to employers who fail to meet the reporting requirements under the Affordable Care Act (ACA). This notice pertains to penalties for incorrect or late filings of ACA-related forms, specifically impacting the accuracy and timeliness of submissions like Form 1094-C and Form … [Read more...]
Addressing IRS Notice CP504J: Understanding the Urgent $500,000 Penalty for ACA Non-Compliance
IRS Notice CP504J is an urgent notification sent to employers indicating a serious delinquency in paying the Employer Shared Responsibility Payment (ESRP) under the Affordable Care Act (ACA). This notice signifies a looming penalty which can amount to as much as $500,000, demanding immediate … [Read more...]
IRS Notice CP220J: Addressing the $250,000 ACA Compliance Penalty
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...]
