It’s true. On June 29, 2015, the Trade Preferences Extension Act became law and, unbeknownst to many, the act included a provision to amend Internal Revenue Code sections 6721 and 6722 to increase the per-employee penalties on applicable large employers for failing to properly file ACA information returns or provide payee statements. The increased penalties will apply to Forms..
It is hard to believe that five years ago this week, President Obama signed the Patient Protection and Affordable Care Act (ACA) into law with the primary goals of expanding access to health insurance, protecting patients against arbitrary action by insurance companies and reducing costs. Since its signing – and many years prior – the..