IRS Seeks Comments on Employer Provisions in Health Reform Law
On May 3, the U.S. Treasury Department and Internal Revenue Service (IRS) released
Notice 2011-36 requesting comments on issues relating to the shared responsibility provisions included in the Patient Protection and Affordable Care Act (PPACA) that will apply to certain employers starting in 2014.
Under the ACA, employers with 50 or more full-time employees that do not offer affordable health coverage to their full-time employees may be required to make a shared responsibility payment. The law specifically exempts small firms that have fewer than 50 full-time employees.
According to the IRS, the "request for comment is designed to ensure that Treasury and IRS continue to receive broad input from stakeholders on how best to implement the shared responsibility provisions in a way that is workable and administrable for employers, allowing them flexibility and minimizing burdens."
The agencies request that all
comments are submitted by June 17.