ACA Information Reporting Penalties Increased for Returns Filed in 2025
PUBLISHED
April 26th, 2024
Ann Poland
IRS Revenue Procedure 2023-34 includes updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056. The increased amounts apply to 2024 information (…)
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