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Health Insurance Reimbursement Plans Growing in Popularity
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ACAwise Helps Employers Meet Their 2021 ACA Reporting Requirements
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SPAN Enterprises: ACAwise Helps Employers Meet Their 2021 ACA Reporting Requirements
ROCK HILL, SC / ACCESSWIRE / December 21, 2020 / With the new year just around the corner, it is time for employers to face their ACA Reporting for 2021. There have been a few changes to the reporting requirements for tax year 2020. ACAwise offers efficient solutions for e-filing and distributing the ACA Forms. For more information visit, www.acawise.com.
The reporting requirements under IRS Sections 6055 and 6056 have changed for the 2020 tax year.
Under Section 6055, in addition to providing minimum essential coverage, insurers must report this information to the IRS and provide a copy of the form to their recipients as well.