Every year, more and more employers find themselves facing stiff penalties from the IRS for their failure to comply with the reporting requirements of the Affordable Care Act, penalties they thought they could avoid by hiding behind the shield of the “good faith effort” relief. If you made your best-faith effort to properly and timely furnish and file Forms 1094 and 1095 in previous years, you may well have some protection from penalties for minor reporting errors with this relief, which was...

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