|March 23, 2017 | www.fisherphillips.com|
As the end of the calendar year approaches, so does the fiscal year or “plan year” for many employee benefit plans. Between complying with continuing annual deadlines while integrating new rules and regulations, employers will have a lot of work to do in the months ahead. Below are some upcoming deadlines and effective dates to get started on now to help avoid ruining the year-end holiday season.
A number of employers have reported troublesome Social Security Number (SSN) issues cropping up when filing Affordable Care Act (ACA) notices with the IRS. Many have received “AIRTN500” error messages, which indicate incorrect SSNs or Taxpayer Identification Numbers (TINs). Employers are often confused in these situations, especially if they have been submitting W-2s to the IRS and the Social Security Administration (SSA) on the employee’s behalf for years without problems.