Approximately 100,000 "non-compliant" Applicable Large Employers (ALEs) received Letter 226-J, penalty notices in December 2017 some as high as a few million dollars. Thousands of additional penalty notices are expected to be mailed in Q1 – 2018. As an accounting professional you need to understand what a Letter 226-J is and equally important, how to respond particularly since the IRS requires a response within 30 days. It’s also important how to proactively audit 2016 and 2017 forms and filings to proactively mitigate IRS penalty risk.
The outlook is ominous. Non-compliant employers are at risk and will face material penalties!
Objectives – Attendees will learn about:
Mr. Gerver has provided services on behalf of hundreds of employers with 75 to 100,000 plus employees since 1983. He is Founder and President of ACA Managed Services, a full-service ACA IRS Reporting, Hours Counting and 1095 Auditing company that was started in 2014. Through its proprietary software, Smart1095, ACA Managed Services has produced hundreds of thousands of 1095 forms for groups ranging from 75 to 108,000 recipients. The company also offers ACA consulting, data conversion, legal support, employee communications and contact center support for client employees. In conjunction with ACA Managed Services, Howard is founder and president of HR Best Practices, a leading healthcare cost management services and technology company, since 2001, specializing in employer benefit plan payment integrity reviews with an emphasis in the auditing of: dependent eligibility, employee eligibility, working spouse verification, medical claims, prescription drug claims, disease management and workers’ compensation as well as insurance-related analytics and data visualization. HR Best Practices is cited as a Gold List member in The Disease Management Purchasing Coalition resource directory. Prior to 2001, he worked for 18 years within the Benefits, HR, and Payroll space for PriceWaterhouseCoopers, Computer Sciences Corporation and Mercer.