The Chamberlain Hrdlicka Business and International Tax Blog provides updates, developments, and insights on business and international tax.
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Chamberlain Hrdlicka Blawgs
- Posts by Jeffrey M. Della Rocco
AssociateJeffrey provides guidance to businesses and non-profit employers of various sizes on all manner of employee benefit and executive compensation issues. He frequently assists clients with complex compliance and correction ...
The Employer Reporting Improvement Act (the “Act”) has filled a glaring hole in the realm of Affordable Care Act (“ACA”) compliance.[1] In its previous form, there was no discernable statute of limitations for the lookback period in which the Internal Revenue Service (“IRS”) could audit an employer’s treatment of “employer shared responsibility payments.” This left employers susceptible to surprise assessments for years following an incorrect disclosure. The Act has cleaned this up by explicitly providing for a six-year lookback period under Section 6065 ...