Meet your evolving needs with three integrated business lines in one professional services firm.


Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.

Tax Watch logo

The IRS issued transition relief to give employers more time to adapt their systems to the PPACA reporting requirements of the PPACA. The relief does not affect the scheduled 2014 start dates for the so-called "individual mandate."

Navigating health reform

IRS Provides Transition Relief for PPACA’s Employer Mandate

  • 7/31/2013

IRS Provides Transition Relief for PPACA’s Employer Mandate

Shortly after the Obama administration’s announcement that employer reporting and employer shared responsibility payments under the Patient Protection and Affordable Care Act (PPACA) will not apply for 2014, the IRS issued much-anticipated guidance. The transition relief is intended to give employers and other reporting entities more time to adapt their systems, as well as enable the IRS to issue more guidance.

The IRS reiterated that the transition relief does not affect the scheduled 2014 start dates for the individual shared responsibility requirement (the so-called "individual mandate") or the Code Section 36B premium assistance tax credit.

Transition relief

The IRS explained that information reporting under Code Sections 6055 and 6056 is optional for 2014. No penalties will be imposed for failing to comply with these provisions for 2014. However, the IRS encouraged employers, insurers, and other entities to voluntarily comply with the information reporting requirements. The IRS predicted that it will issue guidance during the summer of 2013 and explained that the transition period will allow for more time to dialogue with stakeholders with the goal of simplifying reporting.

©2013 CCH. All Rights Reserved.