LOS ANGELES, Dec. 20, 2017 /PRNewswire/ — First Capitol Consulting is extending its ACA acquiescence casework to administration who charge advice eliminating or abbreviation Affordable Care Act (ACA) amends assessments issued by the IRS.
Many administration were blindsided in November back they accidentally accustomed ACA amends assessments from the IRS for ACA advice filings for the 2015 tax year. Some of these IRS Letter 226J notices independent penalties in the millions of dollars. More are accepted to be issued.
First Capitol’s ACA Amends Reduction Account uses the ability the aggregation has developed in migrating, accumulation and acceptance the abstracts analytical to appointment acknowledged ACA filings to advice organizations who accept been adjourned ACA penalties by the IRS to annihilate or abate these penalties to the greatest admeasurement possible. “Our access fills the gaps that aftereffect from operational mishaps and data-related errors that advance to these IRS amends notices,” said Robert Sheen, President and CEO of First Capitol. “It’s a account that amount and software vendors don’t provide.”
Through this new service, First Capitol works with administration anon or in concert with their allowance brokers, CPAs or law firms. Included in the casework are:
For administration who accept not yet accustomed an IRS amends notice, but are anxious that they might, First Capitol will analysis filing advice and affidavit from their 2015 and 2016 IRS filings to analyze abeyant botheration areas that charge to be addressed. This is decidedly important because the beginning for alms healthcare advantage for full-time advisers added from 70 percent in 2015 to 95 percent in 2016 and thereafter. Any abeyant issues in processing abstracts for ACA filings can be articular and addressed for the accessible IRS ACA filings for the 2017 tax year.
“We abide to see administration and vendors not appropriately managing the abstracts acquisition and alliance action for the advice that goes into these ACA filings submitted to the IRS,” said Sheen. “They are aback putting themselves at accident for assorted years of tax penalties.”
About UsFirst Capitol Consulting, Inc., is a abstracts and analytics aggregation with a focus on optimizing applicant achievement about tax and authoritative compliance. We accommodate able-bodied abstracts and analytic solutions for HR, tax credits, authoritative compliance, and abstracts intelligence services.
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SOURCE First Capitol Consulting, Inc.
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