If the current Affordable Care Act employer coverage reportingrules stay in place, the Internal Revenue Service has to dosomething to ease employers' desperation over getting accurateSocial Security numbers for the employees' spouses, children andother dependents.

The Information Reporting Program Advisory Committee (IRPAC), apanel that gives members of the public a chance to review IRSprocedures, gave the IRS that advice in a new report on 2017 taxadministration concerns.

The Affordable Care Act imposed employer health coveragereporting requirements by adding Section 6055 and Section 6056 tothe Internal Revenue Code (IRC). The watchdog agency sees delays inefforts to set up 1095-C compliance systems.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.