IRS CONFIRMS ACA MANDATE PENALTIES STILL EFFECTIVE

ACA compliance bulletin imageThe IRS Office of Chief Counsel has recently issued several information letters clarifying that the ACA’s individual and employer mandate penalties are still effective. These letters were issued in response to confusion over President Donald Trump’s executive order directing federal agencies to provide relief from the burdens of the ACA. This ACA Compliance Bulletin summarizes the IRS’ information letters.

© 2017 Zywave, Inc. All rights reserved.

Advertisements

ACA Violations—Penalties and Excise Taxes

ACA OverviewFailing to comply with the ACA’s requirements can cause severe consequences for an employer. This ACA Overview summarizes the penalties and excise taxes that may be triggered by an ACA violation.

© 2017 Zywave, Inc. All rights reserved.

New Form I-9 Released for Use in September

Compliance bulletin header2

On July 17, 2017, U.S. Citizenship and Immigration Services (USCIS), part of the U.S. Department of Homeland Security, issued an updated version of Form I-9: Employment Eligibility Verification (Form I-9). Under federal law, every employer that recruits, refers for a fee or hires an individual for employment in the United States must complete a Form I-9.

The updated form replaces a version that was issued in 2016. Employers may continue using the 2016 form until Sept. 17, 2017. Exclusive use of the updated form is expected by Sept. 18, 2017. The new form expires on Aug. 31, 2019.

ACTION STEPS

  • Employers must become familiar with the new Form I-9 and transition to its exclusive use by Sept. 18, 2017.
  • Employers must continue their compliance with collecting and retaining Form I-9.
  • Employers may download the 2017 Form I-9from the USCIS website.

Here’s a chart to learn more about the field changes and updates.

© 2017 Zywave, Inc. All rights reserved.