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Breaking Down ACA Penalty Letters: IRS’s 2021 Initiative

The IRS has started issuing penalty letters for tax year 2021 to employers suspected of ACA non-compliance. Employers may receive Letter 226J, even if they received letters for previous years, as the IRS aims to clear its backlog. The ACA Employer Mandate requires large employers to offer Minimum Essential Coverage (MEC) to eligible employees and dependents. Non-compliance can lead to heavy penalties, and the IRS is bolstering efforts to ensure ACA compliance with additional funding and hiring. Employers should verify the notice, check employee data, respond promptly if they disagree with the assessment, and document all communications with the IRS. Click here for article.

  • IRS is issuing penalty letters for tax year 2021 to employers suspected of ACA non-compliance.

  • Employers may receive Letter 226J, even if they received letters for previous years, as the IRS aims to clear its backlog.

  • The ACA Employer Mandate requires large employers to offer Minimum Essential Coverage (MEC) to eligible employees and dependents.

  • Non-compliance can lead to heavy penalties, and the IRS is bolstering efforts to ensure ACA compliance with additional funding and hiring.

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