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100,000 ACA IRS PENALTY NOTICES HAVE BEEN SENT! HOW TO RESPOND AND MORE...

This webinar is best suited for attendees with firms greater than 100 employees.
Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 8, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

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:


  1. Letter 226-J (please visit www.Letter226J.com)

  2. Reporting requirements and deadlines

  3. Related IRS Penalties

  4. The Business Case for Compliance

  5. Developing Internal Controls

  6. Risk Mitigation Strategies – How to Audit 1095s/1094s

  7. The Role of the trusted advisor

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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In 2001 Mr. Gerver started HR Best Practices, a data-driven healthcare cost containment, compliance, and auditing company. Since its inception HR Best Practices has saved employers hundreds of millions of dollars by reviewing and analyzing medical, pharmacy, and workers’ compensation claims.

As an agile entrepreneur, Mr. Gerver and the HR Best Practices team created its proprietary Covid-19 Workforce Risk Scoring methodology.  At the core of this unique and valuable risk mitigation approach is the use of Census, Job, and Claims data which is utilized to calculate location-specific risk scores.  The main deliverable is an objective blueprint for reopening and operating largely based on the health of employees by worksite location. 

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 HR Consulting.

About Our Presenter

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Since 2001 HR Best Practices has been helping self-insured and insured employers as well as insurance carriers reduce their healthcare costs through a blend of data-driven auditing and analytics.