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Many employers continue to have questions about complicated Affordable Care Act reporting requirements. Earlier this week, SourceMedia's Accounting Today hosted a Web seminar on Understanding Affordable Care Act Reporting which sought to clear some of the confusion about ACA reporting.
The event was sponsored by Greatland Corporation’s Yearli reporting platform.
Janice Krueger, subject matter expert at Greatland, spoke on ACA mandates, reporting basics, filing requirements and deadlines, and penalties. Krueger provides guidance to the IRS, the Social Security Administration, and state agencies in the areas of form design, specification development, and filing and processing systems.
As the number of questions from the audience demonstrates, the majority of accountants are still confused by the complexity of the reporting requirements. For those who weren’t able to tune in, here are some of the more instructive questions and answers.
Question: When determining if an employer is an ALE [Applicable Large Employer] for 2015 reporting, does the employer use the employee count from 2014...