If the current Affordable Care Act employer coverage reporting rules stay in place, the Internal Revenue Service has to do something to ease employers' desperation over getting accurate Social Security numbers for the employees' spouses, children and other dependents.
The Information Reporting Program Advisory Committee (IRPAC), a panel that gives members of the public a chance to review IRS procedures, gave the IRS that advice in a new report on 2017 tax administration concerns.
The Affordable Care Act imposed employer health coverage reporting requirements by adding Section 6055 and Section 6056 to the Internal Revenue Code (IRC). The watchdog agency sees delays in efforts to set up 1095-C compliance systems.
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