IRS Updates Guidance on Play-or-Pay Penalty Assessments | JRW Associates, Inc., a Raleigh Benefit Advisory Firm
Beginning in 2015, to comply with the Patient Protection and Affordable Care Act (ACA), “large” employers must offer their full-time employees health coverage, or pay one of two employer shared responsibility / play-or-pay penalties. The Internal Revenue Service (IRS) determines the penalty each calendar year after employees have filed their federal tax returns. In November … Continued
