What is Employer Shared Responsibility?

aca, affordable care act, 1095-C, 1094-C, efiling, employer shared responsibility, affordability

Employer Shared Responsibility

The Affordable Care Act’s employer shared responsibility provisions require certain employers (called applicable large employers or ALEs) to offer affordable health coverage to at least 95% of their full-time employees and their dependents, or otherwise make an employer shared responsibility payment to the IRS.

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No Statute of Limitations for Assessment of ESRP (ACA)

No Statute of Limitations for Assessment of ESRP (ACA)

Have you ever asked yourself: “Do I have to complete my ACA filings for previous tax years?” The answer is YES. There is no statute of limitations in assessing Employer Shared Responsibility Payment (ESRP). The IRS published a Memo on February 24, 2020 regarding the statute of limitations for assessment of an ESRP under Section … Read more