FAQs

All Items: Employee Benefits

Is an employer required to file Section 6055 or Section 6056 information returns electronically?

Updated to reflect the reduced e-filing threshold, effective for returns that must be filed on or after January 1, 2024.
What steps should an employer take to electronically file Section 6055 or Section 6056 information returns?

Updated to reflect the reduced e-filing threshold, effective for returns that must be filed on or after January 1, 2024.
What penalties apply if an employer fails to timely file required information under Sections 6055 and 6056?

Updated to reflect the inflation-adjusted penalty for 2024.
What is the penalty under the Affordable Care Act (ACA) for an employer that offers health coverage that is not considered affordable or does not provide minimum value?

Updated to reflect the inflation-adjusted penalty for 2024.
What is the penalty under the Affordable Care Act (ACA) for an employer that does not offer health coverage?

Updated to reflect the inflation-adjusted penalty for 2024.
Are over-the-counter (OTC) drugs considered an eligible expense under health flexible spending accounts (FSAs)?
What is a limited nonassessment period for Affordable Care Act (ACA) purposes?
Is there a dollar limit on the value of transportation fringe benefits that an employer provides to its employees?
How is an offer of COBRA continuation coverage reported under Sections 6055 and 6056?
What is an applicable large employer under the Affordable Care Act (ACA)?

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About This Category

Frequently asked questions and answers on HR issues relating to employee benefits.