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Large employer - no coverage

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Does anybody here have a client that didn't offer any health insurance and is now getting notices from the IRS?  If yes, did you or the IRS calculate the penalty?

 

Thanks

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My largest client has about 70 employees and does not offer health insurance.

They received a proposed penalty for 2015 in June 2018 which was triggered by an employee going to and receiving a PTC from the marketplace.

Fortunately they only received the credit for 5 months.

The IRS proposed penalty was way bigger than it should have been

I  recalculated the penalty supported by the 1095s, which I had filed, which was about 70 % lower than the proposed penalty.

They accepted the penalty that I calculated.

They have yet to receive any letters etc for 2016.

 

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59 minutes ago, cbslee said:

My largest client has about 70 employees and does not offer health insurance.

They received a proposed penalty for 2015 in June 2018 which was triggered by an employee going to and receiving a PTC from the marketplace.

Fortunately they only received the credit for 5 months.

The IRS proposed penalty was way bigger than it should have been

I  recalculated the penalty supported by the 1095s, which I had filed, which was about 70 % lower than the proposed penalty.

They accepted the penalty that I calculated.

They have yet to receive any letters etc for 2016. 

 

I sent you a PM

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