By Jennifer Carsen, JD
The Internal Revenue Service (IRS) really kicked things into high gear at the very end of 2015. While the rest of us were winding down, hanging out with friends and family, and eating far too many gingerbread men (or perhaps that was just me), the industrious tax elves slipped a few festive bonuses under the tree for employers.
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First, as we reported recently, the IRS pushed back some of the deadlines for 2015 Affordable Care Act (ACA) reporting—a holiday blessing indeed for employers still trying to make sense of the voluminous recordkeeping requirements. Link to story that’s going live on Weds
Second, the IRS issued a much-needed clarification on the income percentages for the ACA’s affordability safe harbors.