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IRS Releases Instructions for 2020 ACA Reporting

The Internal Revenue Service (IRS) released draft 2020 instructions related to forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year. However, these are draft versions only, and should not be filed with the IRS or relied upon for filing.

To download the ACA Compliance Bulletin, please click here.

The information contained in this bulletin is intended to provide accurate and authoritative information on legislative and market news. It is distributed with the understanding that Brown & Brown is not rendering tax or legal advice. Employers should consult their attorneys or tax advisors for specific compliance information and assistance.

#ACA #Compliance

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