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IRS prepares to assess penalties under Obamacare

Tammy Whitehouse | November 29, 2017

With the Affordable Care Act still the law of the land, the Internal Revenue Service has issued guidance on how it plans to assess penalties on companies that failed to meet their obligation to provide coverage to employees.

The IRS published guidance in a question-and-answer format regarding how it plans to notify “applicable large employers,” or companies that employed an average of 50 or more full-time employees or equivalents, of any penalties associated with liabilities in 2015. The guidance explains the letter the IRS will send outlining potential liabilities and any response the company may want to offer.

Despite both administrative and Congressional efforts to castrate...

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