As employers head into the 2020 tax-filing season, the Internal Revenue Service (IRS) is providing new reporting guidance under the Affordable Care Act (ACA). On December 2, 2019, the IRS issued Notice 2019-63. In general, this guidance provides welcome relief for employers. However, because the IRS has been more aggressive recently in assessing ACA-related penalties, employers may want to take particular care to properly prepare all forms and timely file them with the IRS.
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