Transition Relief on Certain Information Reporting and Employer Shared Responsibility Provisions

Gordon, Amy M.; Kerpen, Joanna C.; Mardy, Megan; Weyeneth, Jamie A.
July 2013
Venulex Legal Summaries;2013 Q3, p1
The article highlights the decision of the U.S. Internal Revenue Service to provide transition relief for 2014 from the information reporting requirements under Internal Revenue Code Sections 6055 and 6056 and from the employer pay-or-play penalties under Code Section 4980H. The provisions were added to the Internal Revenue Code as mandated by the Affordable Care Act (ACA). The IRS encourages voluntary compliance for 2014.


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