Employer Mandate Penalties are coming!

1095-C Form

Many employers have wondered, since they haven’t heard anything about those 1094/5 forms, if the IRS had decided not to follow up on the mandate.

That’s not the case.  While behind schedule, on April 7, the Treasury Inspector issued a report saying that they have completed an ACA Compliance Validation System (ACV).  This will be used to identify violators, and calculate the penalties.  Notices are expected to begin arriving in May.