Efforts to repeal and replace the Affordable Care Act have sewn confusion on what exactly employers’ tax responsibilities are. So let’s be clear: ACA is still the law, and employers must comply with the upcoming reporting requirements.
Insurance expert Rick Roddis, president of ComplyRight Distribution Services, said while the law repealed penalties associated with the individual mandate, that provision will not be in effect until next year.
“The rest of the ACA, including employer reporting of health coverage to the IRS, remains untouched,” he writes. “This means covered employers still must complete their ACA filings for the 2017 tax year or face potential penalties. To repeat: ACA is still the law, and employers must comply with the upcoming reporting requirements.”