On July 9, 2013, the Internal Revenue Service (IRS) issued Notice 2013-45 to provide formal guidance on the delay of the Affordable Care Act (ACA) large employer “pay or play” rules and related information reporting requirements. The provisions affected by the delay are:
- § 4980H employer shared responsibility provisions;
- § 6055 information reporting requirements for insurers, self-insuring employers and certain other providers of minimum essential coverage; and
- § 6056 information reporting requirements for applicable large employers.
For 2014, compliance with the information reporting rules is completely optional and the IRS will not assess penalties under the pay or play rules. Both the information reporting and the employer pay or play requirements will be fully effective for 2015. To learn more: IRS Guidance on the Delay of Employer Mandate Penalties and Reporting Requirements
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