The IRS and the Department of the Treasury is asking for comments from the public regarding the Affordable Care act for employers under the shared responsibility provision that apply to them beginning in 2014.

For employers with 50 or more full-time employees, the Affordable Care Act requires them to contribute if they do not offer health insurance to their employees. This is placed under the IRS Notice 2011-73. The Treasury and the IRS will allow employers to offer health insurance to their employees under this act based on their wages, not their household income. The act applies to employer’s shared responsibility and will not affect employees’ eligibility for premium credits.

The IRS’s request to taxpayers will assure that both the IRS and the Treasury will receive feedback on how to put the shared responsibility into place while keeping it flexible and reducing employer and employee burden. The IRS and the Treasury are now allowing both employers and employees to send their comments and suggestion in one of three ways:
-E-mail to: notice.comments@irscounsel.treas.gov. Put: “Notice 2011-73” in the subject.
-Mail to: Internal Revenue Service, CC:PA:LPD:PR (Notice 2011-73), Room 5203, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.
-Hand deliver to: CC:PA:LPD:PR (Notice 2011-73), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC, between 8 a.m. and 4 p.m., Monday through Friday.

The deadline to send your comments is December 13, 2011.

Daniel Stoica Accounting Professional