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Tips for Avoiding ACA IRS 1095/1094 Penalties

TIPS FOR AVOIDING ACA IRS 1095/1094 PENALTIES

THIS COURSE IS DESIGNED FOR CPAs WHO HAVE CLIENTS WITH 100+ FULL-TIME EMPLOYEES.
Cost Free
Presentation Length 1.0 hour

Recorded DateFebruary 12, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Series: Taxes
Course Description

1095/1094 Reporting continues to be the law of the land. Employers with 50 or more FTEs (as well as related companies) must comply with reporting requirements for the 2020 calendar year and the foreseeable future.

The outlook is ominous as the IRS continues to send out those dreaded 226-J penalty letters. Non-compliant employers continue to be at risk and will face material penalties.

Learning Objectives:


  • Identify who needs to file

  • Review how to determine employee eligibility

  • Identify how to audit 1095-C forms

  • Demonstrate how to confirm Offer of Coverage and Safe Harbor code accuracy

  • Identify how to confirm 1094-C filing

  • Identify the role of the CPA

  • Special Bonus – Review how audits can reduce healthcare costs



If you are involved in ACA IRS Reporting and/or want to learn how employers can reduce healthcare costs this is the webinar for you.  The ACA learnings apply to the calendar year 2020 reporting and to 2021 and beyond.  Hurry, 1095-C forms are due March 2nd and the IRS e-filing for employers with 250 or more 1095-C recipients are due March 31, 2021)

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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In 2001 Mr. Gerver started HR Best Practices, a data-driven healthcare cost containment, compliance, and auditing company. Since its inception HR Best Practices has saved employers hundreds of millions of dollars by reviewing and analyzing medical, pharmacy, and workers’ compensation claims.

As an agile entrepreneur, Mr. Gerver and the HR Best Practices team created its proprietary Covid-19 Workforce Risk Scoring methodology.  At the core of this unique and valuable risk mitigation approach is the use of Census, Job, and Claims data which is utilized to calculate location-specific risk scores.  The main deliverable is an objective blueprint for reopening and operating largely based on the health of employees by worksite location. 

HR Best Practices is cited as a Gold List member in The Disease Management Purchasing Coalition resource directory. Prior to 2001, he worked for 18 years within the Benefits, HR, and Payroll space for PriceWaterhouseCoopers, Computer Sciences Corporation, and Mercer HR Consulting.

About Our Presenter

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Since 2001 HR Best Practices has been helping self-insured and insured employers as well as insurance carriers reduce their healthcare costs through a blend of data-driven auditing and analytics.