IRS Issues Guidance on Delay of Employer Mandate Tax Penalties, ABC Advocates for Repeal
The Internal Revenue Service
(IRS) July 11 released guidance on the one-year delay of the employer shared
responsibility provisions (or employer mandate) and information reporting requirements
in the Patient Protection and Affordable Care Act (PPACA). The delay was
originally announced July 2 by the Treasury Department in a blog post.
The IRS guidance includes
Q&As discussing the transition relief for 2014. Both the information
reporting and the employer mandate will be fully effective for 2015. Please note the transition relief for the
information reporting and employer mandate has no effect on the effective date or
application of other PPACA provisions.
On July 9, ABC sent a letter
advocating for full repeal of the employer mandate in response to a U.S. House
of Representatives subcommittee hearing titled, “Delay of the Employer
Mandate.”
“It is important to note the
employer mandate tax penalties are only delayed—the employer mandate provision
is not repealed,” ABC wrote. “The increased costs related to this onerous
mandate are still of significant concern to ABC members.”
ABC also offered its support for
the American Job Protection Act (H.R. 903), which would repeal the employer
mandate provision in PPACA and protect existing jobs by removing some of the
uncertainty facing employers and helping America’s job creators get back to
work.
In response to the employer
mandate delay, Washington Council Ernst and Young updated their summary of
employer requirements in the health care law.
(From ABC)
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602
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