IRS Tax News for July, 2015
IRS Tax News for July, 2015 includes webinars for the Affordable Care Act, the National Taxpayer Advocate Mid-Year Report, and Penalty Relief for Small Businesses.
1. IRS Offers Webinars on Affordable Care Act Provisions for Employers and Coverage Providers
The IRS has set up a series of webinars so that companies can learn more about the Affordable Care Act and how it affects companies. The webinars are designed for business owners, employee benefits managers, health coverage providers, and tax managers.
There are three webinars offered, and three dates are offered for each webinar (all times are Eastern Standard Time):
Employer Shared Responsibility and Information Reporting
Employer-Sponsored Health Coverage Information Reporting Requirements for Applicable Large Employers
Information Reporting Requirements for Providers of Minimal Essential Coverage
2. National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress
IR-2015-97, July 15, 2015 — Nina E. Olson, a National Taxpayer Advocate has released her mid-year report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year. Issues include the IRS’s long-term strategic planning, tax-related identity theft, and administration of the Patient Protection and the Affordable Care Act (ACA). The report also presents highlights of the recently concluded filing season. For more information, click here
3. Small Businesses Can Get IRS Penalty Relief for Unfiled Retirement Plan Returns
IR-2015-96, July 14, 2015 —The IRS is encouraging eligible small businesses that did not file certain retirement plan returns to take advantage of a low-cost penalty relief program enabling them to quickly come back into compliance. For more information, click here.