News-to-Use

Wage Information Tax Scams

The IRS issued an alert warning of scams encouraging taxpayers to put false wage information on tax returns to claim tax credits. The IRS will assess a wide range of ...
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Changes to the 2023 Form 5500 Series

The U.S. Department of Labor, IRS and Pension Benefit Guaranty Corporation released changes to Form 5500 filings effective for plan years beginning on or after January ...
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Premium Tax Credits and Employees

Under the Affordable Care Act, Applicable Large Employers (those with 50 or more full-time employees) must offer affordable, minimum essential health coverage to all ...
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Publications 502 and 503

The IRS released updated versions of Publication 502 and Publication 503 for preparing 2022 tax returns. Publication 502 explains the medical expenses that are ...
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Wellness Plan Considerations

Some employers are considering offering wellness initiatives as an employee benefit. An employer-provided wellness plan or program does not have a formal set of defined ...
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ACA Central Module

BAS’ MyEnroll360 now includes an ACA Central repository for Affordable Care Act data collection and reporting clients. MyEnroll360 users with administrative credentials ...
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Medicare Part D Notice Filing

The Medicare Modernization Act requires employers with health plans that include prescription drug coverage to notify Medicare-eligible participants if the drug coverage ...
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Documenting New Hires

Employers are required to verify each new employee’s identity and eligibility to work in the United States at the time of hire. This is accomplished by both the employee ...
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Question of the Week

Q.- We have more than 50 employees so we are subject to ACA reporting. Do we have to send our part-time employees Form 1095-C?
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Part III of Form 1095-C

An Applicable Large Employer (an employer with more than 50 full-time employees in the prior year) must provide Form 1095-C to its full-time employees. Some employers ...
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