BarbriSFCourseDetails
  1. keyboard_arrow_leftBack

Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    ERISA

Date & Time
  • event Date

    Wednesday, June 15, 2022

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$347.00

This CLE course will guide employee benefits counsel on effective methods to comply with Section 4980H of the Affordable Care Act (ACA). The panel will discuss the challenges in classifying employees correctly under the monthly or look-back measurement methods, determining affordability, properly reporting offer and coverage information, and effective planning and compliance techniques to avoid IRS audits and penalties.

Faculty

Barrow Stacy
Shareholder
Barrow Weatherhead Lent, LLP

Mr. Barrow advises corporate, not-for-profit, governmental and individual clients on matters related to executive compensation and employee benefits. He assists with issues arising under the various laws and regulations governing qualified retirement plans and benefits arrangements, including ERISA, COBRA, HIPAA and the Internal Revenue Code.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Brockmeyer Dasha
Shareholder
Saul Ewing LLP

Ms. Brockmeyer represents large and small employers, in both the private and public sectors, on matters involving  employee benefit law. To provide practical advice, she draws on her previous experience as in-house benefits counsel and in-house benefits tax attorney for two Fortune 500 companies.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio

Description

The ACA's reporting provisions require employers to file informational returns with the IRS and annual statements to employees. Even though the employer mandate only applies to "applicable large employers," large and small employers have reporting requirements.

To satisfy the coverage and reporting requirements of the ACA, employers must overcome a variety of challenges, such as employee classification issues, reporting requirements for employers who are a part of a "controlled group," and completing Forms 1094-B, 1095-B, 1094-C, and 1095-C. Businesses with filing requirements must meet these compliance requirements or face stiff penalties.

Listen as our authoritative panel of ACA experts discusses planning techniques to ensure employer compliance with the ACA's coverage and reporting requirements. The panel will offer guidelines for both applicable large employers and small employers who are not subject to the employer mandate but may still have reporting obligations, as well as outline the steps employers should take to avoid IRS audits and penalties.

Outline

  1. IRC 6055 and 6056 reporting requirements
  2. Employee classification issues
  3. Reporting requirements
    • Forms to be furnished to employees
    • Forms to be reported to the IRS

  4. Best practices and avoiding IRS audits and penalties

Benefits

The panel will discuss these and other key issues:

  • Coverage and reporting requirements
  • Analyzing current plan benefits and tax-favored arrangements to ensure ACA compliance
  • Complying with "pay or play" responsibilities
  • Responsibility for IRS ACA-related reporting
  • Reporting requirements for employers that are part of a "controlled group"
  • What to report and who should receive reports
  • Forms required to be completed and deadlines

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify employers that have filing requirements under the ACA
  • Recognize key issues in employee classifications and potential compliance pitfalls
  • Discern what information needs to be reported on Forms 1094 and 1095

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).