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How to Respond to IRS Letter 226J
January 12, 2023
Did you receive a 226J IRS letter? Are you asking yourself why did I receive this? How do I respond? It is important to understand why your received the letter and how to properly respond to the letter. Download our infographic on the 226J letter and how to avoid penalties in the future.
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As part of the Tax Cuts and Jobs Act (TCJA), the Affordable Care Act’s (ACA) individual mandate penalty was repealed effective January 1, 2019; however, the TCJA did not repeal the employer mandate nor its reporting requirements. Employers should be prepared to respond to IRS Employer Shared Responsibility Provision (ESRP) penalty letters and continue to prepare for 2024 reporting, which will occur in the first quarter of 2025.
Join SyncStream Solutions at 2025 IPPA Spring Summit, March 11-13, 2025, at Paris Las Vegas, in Las Vegas, NV. It's a must-attend event for all payroll company owners, sales and marketing and operations/tax compliance leads. It is a valuable networking event!
There is some potential legislation pending presidential approval that could affect the Affordable Care Act (ACA) employer reporting requirements. It’s unclear if these bills will become law, but as we are amid filing season, wanted to share a summary of what we know.
Did you receive a 226J IRS letter? Are you asking yourself why did I receive this? How do I respond? It is important to understand why your received the letter and how to properly respond to the letter. Download our infographic on the 226J letter and how to avoid penalties in the future.
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