EY Tax Webcast

Implementing the Affordable Care Act

A review of the final regulations on the information reporting requirements for employers and the employer mandate

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The Department of the Treasury and the IRS on 5 March released the long-awaited final regulations on the information reporting requirements for employers under the Affordable Care Act (sections 6055 and 6056), less than a month after releasing final regulations on the ACA’s employer requirements under section 4980H.

With these critically important final regulations in hand, companies have the information they need to prepare to comply with the ACA’s employer requirements beginning on 1 January 2015. The final regulations make it possible for employers to more accurately assess their potential liability for excise taxes under the employer mandate and evaluate what data about employees and available health coverage that companies will have to collect and report to the IRS annually.

Please join us for a discussion of these critically important developments and how they might affect your company’s ACA strategy. Topics will include:

  • An update on developments on Capitol Hill and with the Administration with respect to the ACA
  • An overview of the major components of the section 4980H final regulations
  • A summary of the key transition relief provided in the final 4980H regulations
  • A summary of the major components of the final information reporting regulations under sections 6055 and 6056
  • Key considerations for employers about these final regulations

Panelists:

Helen Morrison

Ernst & Young LLP, National Tax, Compensation & Benefits, Washington, D.C.

Helen Morrison is a Principal in the National Tax Department of Ernst & Young LLP. As a member of the Compensation & Benefits practice, Helen assists clients address compliance and management of health care reform, executive compensation and other key employee benefits tax-related matters.

Prior to joining EY, Helen served from 2007 – 2012 as the Deputy Benefits Tax Counsel in the Office of Benefits Tax Counsel for the Department of the Treasury. She played a lead role in the Administration’s tax-related initiatives on health care reform and the Treasury Department’s implementation of these provisions enacted as part of the Affordable Care Act. She also served as a senior Treasury advisor on executive compensation matters including the section 409A deferred compensation rules, section 457A rules on deferred compensation to for companies in “tax indifferent” jurisdictions, and other tax-related compensation matters.

Moderator:

Sean Ford

Ernst & Young LLP, Director, Tax Knowledge Services

Sean Ford is Director of Tax Knowledge Services at Ernst & Young LLP. In this role, he is responsible for tax content acquisition, creation, and distribution to the firm’s clients and EY Tax professionals. This includes EY Tax Alerts, tax webcasts, and related tax thought leadership, as well as the U.S. Tax presence on the EY Client Portal.

Sean also serves as Deputy Director of the EY Center for Tax Policy, and is responsible for other knowledge management initiatives at EY.

Sean joined Ernst & Young LLP in 1996. From 1989 to 1996, he worked for the publishing company, Tax Analysts, where he served as Editorial Director from 1991 to 1996. He is a graduate of Boston University with a B.S. in Communications/Government and Public Affairs.