SHRM requested a series of regulatory relief measures from the IRS to support the continuation of health care benefits for employees during the Coronavirus outbreak. In a letter to the Commissioner of the IRS, SHRM requested the following relief:
- ACA reporting – Extension of time for employers to respond to IRS 226-J notifications regarding health care coverage under the Affordable Care Act. According to SHRM research, 62% of HR professionals identified reporting requirements as their biggest ACA challenge;
- Extension of safe harbor – The W2 affordability waiver be extended for employers that may fall out of compliance when they’ve been forced to furlough employees.
SHRM also asked for clarification on important matters including health care and PTO. The letter is available here.
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