What is ACA Employer Reporting?
The Affordable Care Act employer reporting requires Applicable Large Employers and those who employed 50 or more full-time and full-time equivalent employees in the previous calendar year to present reports to the Internal Revenue Service (IRS) whether they provided the opportunity to enroll their full-time employees, as well as their dependent children in minimum essential coverage (MEC) under an eligible employer-sponsored plan.
Along with the ACA are the requirements and tax filings that are due in the early part of 2016. There are forms that need to be furnished and submitted in order to avoid the penalties that may be incurred due to incompliance.
eFiling Plus brings you an infographic that extensively discusses the process of ACA employer reporting.