Affordable Care Act Tax Provisions for Large Employers

Some of the provisions of the Affordable Care Act, or health care law, apply only to large employers, generally those with 50 or more full-time equivalent employees. For example, in 2015 large employers will have annual reporting responsibilities concerning whether and what health insurance they offered to their full-time employees.

Coverage Reporting Payments & Provisions
If you have 50 or fewer employees, you can purchase affordable insurance through the Small Business Health Options Program (SHOP).

To learn more about market reforms and various plan requirements, visitHealthCare.gov.

You must withhold and report an additional 0.9 percent on employee wages or compensation that exceed $200,000. Learn more.

You may be required toreport the value of the health insurance coverage you provided to each employee on his or her Form W-2.

Effective for calendar year 2015, you must file anannual return reporting whether and what health insurance you offered your employees. This rule is optional for 2014.

Effective for calendar year 2015, if you provide self-insured health coverage to your employees, you must file an annual returnreporting certain information for each employee you cover.This rule is optional for 2014.

Effective for calendar year 2015, you may have to make a payment if you do not offer adequate, affordable coverage to your full-time employees, and one or more of those employees get a Premium Tax Credit. Learn more about the employer shared responsibility provision.

If you self-insure, you may be required to pay a fee to help fund the Patient- Centered Outcomes Research Trust Fund.

To view the website, go to: http://www.irs.gov/Affordable-Care-Act/Employers/Affordable-Care-Act-Tax-Provisions-for-Large-Employers

“Affordable Care Act Tax Provisions for Large Employers.” Affordable Care Act Tax Provisions for

Large Employers. N.p., 6 Mar. 2015. Web. 12 Mar. 2015.

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