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Changes to Affordable Care Act (ACA) Reporting - Mize CPAs Inc.

Summary by Mize CPAs Inc.
Two recent bills signed by President Biden in December 2024 change ACA reporting requirements. Applicable large employers (ALEs) are required to file a return with the IRS that reports certain information about health care coverage that the employer offered or did not offer to each eligible employee. Until now, ALEs were required to also provide a copy of that report to each individual included on the return. Effective for calendar years after 2…
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Mize CPAs Inc.Mize CPAs Inc.

Changes to Affordable Care Act (ACA) Reporting - Mize CPAs Inc.

Two recent bills signed by President Biden in December 2024 change ACA reporting requirements. Applicable large employers (ALEs) are required to file a return with the IRS that reports certain information about health care coverage that the employer offered or did not offer to each eligible employee. Until now, ALEs were required to also provide a copy of that report to each individual included on the return. Effective for calendar years after 2…

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Mize CPAs Inc. broke the news in on Tuesday, January 21, 2025.
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