Common Mistakes that Lead to IRS Love Letters Filing

As part of the Tax Cuts and Jobs Act (TCJA), the Affordable Care Act’s (ACA) individual mandate penalty was repealed effective January 1, 2019; however, the TCJA did not repeal the employer mandate nor its reporting requirements.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!