From pamella.johnson at state.or.us Thu Dec 17 13:48:22 2015 From: pamella.johnson at state.or.us (Pamella Johnson) Date: Thu, 17 Dec 2015 21:48:22 +0000 Subject: [OSSSA218] 2016 Allowed Mileage Rates Established By the IRS Message-ID: <2cff34f6654644d49cf25cf4f6d3f6c2@v-exchdb01.a4590.pers.state.or.us> Good afternoon: The IRS has announced the 2016 mileage rates. Details are found below in Notice 2016-01: Issue Number: N-2016-01 ________________________________ Notice 2016-01 provides the optional 2016 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. This notice also provides the amount taxpayers must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan. Notice 2016-01 will be in IRB 2016-02, dated January 11, 2016. It is anticipated that the 2016 federal tax withholding charts will be available in early January. I forward that information as soon as it becomes available. Thank you. Pamella Pamella Johnson Oregon State Social Security Administration Sl2 -------------- next part -------------- An HTML attachment was scrubbed... URL: From pamella.johnson at state.or.us Tue Dec 29 07:44:20 2015 From: pamella.johnson at state.or.us (Pamella Johnson) Date: Tue, 29 Dec 2015 15:44:20 +0000 Subject: [OSSSA218] ACA Communications ALERT ~ Extended Due Dates for Form 1095s Message-ID: Good morning employers: Below you will find an important update from the IRS regarding ACA communications. Additionally, the link: https://www.irs.gov/pub/irs-drop/n-16-4.pdf should provide additional assistance. With thanks, Pamella Pamella Johnson Oregon State Social Security Administration Oregon Public Employees Retirement System Here is some important news on the ACA information returns. Please take note of this important ACA communications alert regarding IRS Notice 2016-04. You are free to share this information widely with your employees and stakeholders. The information below provides guidance for individual taxpayers - recipients of the new health care coverage information reporting forms - and for the issuers of those forms both employers and coverage providers. In addition it is important information for our various partners in tax administration including return preparers, volunteers and those in the electronic tax filing industry. On Dec. 28, the IRS extended the due dates for new health care information reporting forms in 2016. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have additional time to provide health coverage information for 2015 to individual taxpayers and the IRS. The IRS is prepared to accept filings of the information returns beginning in January 2016. However, providers and certain employers must now furnish individuals with either Form 1095-B or 1095-C by March 31, 2016. While the due dates for issuers filing these forms and the associated Form 1094 with the IRS are May 31, 2016 for paper filers and June 30, 2016 for electronic filers, employers and other coverage providers are encouraged to furnish statements and file the information returns as soon as they are ready. * Due to these extensions, some individual taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 2015 tax return. * While the information on these forms may assist in preparing a return, they are not required. * Like last year, taxpayers can prepare and file their returns using other information about their health insurance. * Individuals do not have to wait for their Form 1095-B or 1095-C in order to file. The IRS has not extended the due dates for Health Insurance Marketplaces to issue Form 1095-A. Individuals who enrolled for coverage through the Marketplace should receive Form 1095-A by February 1, 2016 and should wait to file their returns until the receive their Form 1095-A. The IRS has posted a set of questions and answers that introduce the new Forms 1095-B and 1095-C. The questions and answers explain who should expect to receive the forms, how they can be used, and how to file with or without the forms. Sharon L. Shelton, Field Operations Mgr. TE/GE - Federal, State and Local Govts. 600 17th St., Suite 450 South Denver, CO 80202 lynn.shelton at irs.gov<../../../../../../Documents%20and%20Settings/D8KDB/Application%20Data/Microsoft/Signatures/lynn.shelton at irs.gov> -------------- next part -------------- An HTML attachment was scrubbed... URL: From pamella.johnson at state.or.us Wed Dec 30 15:35:14 2015 From: pamella.johnson at state.or.us (Pamella Johnson) Date: Wed, 30 Dec 2015 23:35:14 +0000 Subject: [OSSSA218] Eight Facts for ALEs about New Information Statements to be Filed in 2016 Message-ID: <7b5f90d1d106452db843371d7b91db14@v-exchdb01.a4590.pers.state.or.us> Good afternoon: Additional information from the IRS for Applicable Large Employers (ALEs) relating to the ACA. Please see details below. Happy New Year! Pamella Pamella Johnson Oregon State Social Security Administration Oregon Public Employees Retirement System Issue Number: HCTT-2015-85 ________________________________ Eight Facts for ALEs about New Information Statements to be Filed in 2016 The Affordable Care Act requires applicable large employers to file: * Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns * Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Here are eight basic facts for employers: * The due date for furnishing these forms is extended. o The due date for furnishing the 2015 Form 1095-B and the 2015 Form 1095-C to the insured and employees is extended from January 31, 2016, to March 31, 2016. o The due date for health coverage providers and employers furnishing the 2015 Form 1094-B and the 2015 Form 1094-C to the IRS is extended from February 28, 2016, to May 31, 2016 if not filing electronically. o The due date for health coverage providers and employers electronically filing the 2015 Form 1094-B and the 2015 Form 1094-C with the IRS is extended from March 31, 2016, to June 30, 2016. * While the IRS is prepared to accept information reporting returns beginning in January 2016 and employers and other coverage providers are encouraged to furnish statements and file the information returns as soon as they are ready. * An ALE is required to file Form 1094-C with the IRS; however, an ALE is not required to furnish a copy of Form 1094-C to its full-time employees. * Generally, an ALE must file Form 1095-C or a substitute form for each employee who was a full-time employee for any month of the calendar year. * In addition, an ALE that sponsors a self-insured plan must file Form 1095-C for each employee who enrolls in the self-insured health coverage or enrolls a family member in the coverage, regardless of whether the employee is a full-time employee for any month of the calendar year. * Form 1095-C is not required for the following employees, unless the employee or the employee's family member was enrolled in a self-insured plan sponsored by an ALE member: * An employee who was not a full-time employee in any month of the year. * An employee who was in a limited non-assessment period for all 12 months of the year. * If an ALE member sponsors a health plan that includes self-insured options and insured options, the ALE member should complete Part III of Form 1095-C only for employees and family members who enroll a self-insured option. * An ALE member that offers coverage through an employer-sponsored insured health plan and does not sponsor a self-insured health plan should NOT complete Part III. * An ALE may provide a substitute Form 1095-C; however, the substitute form must include the information on Form 1095-C and must comply with generally applicable requirements for substitute forms. For more information, see the Instructions for Forms 1094-C and 1095-C. -------------- next part -------------- An HTML attachment was scrubbed... URL: