President Biden recently signed two new laws that significantly reduce the ACA compliance burden for employers by streamlining Form 1095 reporting and minimizing penalties for failure to file and ...
As part of the Paperwork Burden Reduction Act, signed into law on December 23, 2024, Internal Revenue Code (IRC) sections 6055(c) and 6056(c) were amended to allow the use of the alternative method ...
The IRS requires Purdue University, as an employer, to report whether an employee and dependents (if applicable) had health insurance coverage in 2023. Therefore, employees receive Form 1095-C, which ...