IRS Releases Tax Tip 2016-14

Female Doctor Holding Piggy Bank
On February 3rd, the IRS released health care Tax Tip 2016-14, which contains specific information employers should use to determine if the health care employer shared responsibility provision applies to their business. The Affordable Care Act applies differently to employers depending not only on employee numbers, but also the classification of those employees as either full-time, full-time equivalent, or an aggregated group. The Tax Tip provided by the IRS provides definitions for these classifications, as well as the process for counting the specified employees in order to determine if an employer is an applicable large employer.

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