Monthly Archives: December 2015

Deadline Extended For ACA Information Reporting Forms

The IRS has extended the deadlines for furnishing to employees the new Forms 1095 and filing these Forms with the IRS.  The Forms are designed to confirm compliance with the employer and individual health insurance mandates under the Affordable Care Act.  IRS Notice 2016-4 provides the following new deadlines: Furnishing to Employees: 2015 Forms 1095-B, Health Coverage…

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ACA Update: Cadillac Tax Postponed!

The budget and tax package passed by Congress on December 18, 2015, and signed by the President, includes a two-year delay of the controversial excise tax on high-value health plans (a.k.a., the Cadillac Tax), part of the Affordable Care Act (ACA). Here is what its delay means for employers:   The Cadillac tax was slated to begin…

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Christmas Turkey Tales

There once was a company by the name of Aeronca, Inc. which was engaged in the manufacture of aircraft components. Some of its employees were represented by Local 2535 of District Lodge 13 of the International Association of Machinists and Aerospace Workers, AFL-CIO. Unfortunately, poor financial conditions one year prompted the company to institute a…

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