Understanding IRS ‘Pay or Play’ Penalty Letters
June 1, 2018
Employers Have Opportunity to Respond Before ‘Pay or Play’ Penalty Assessment The Internal Revenue Service (IRS) is currently issuing Letter 226-J to certain applicable large employers (ALE)—generally those with at least 50 full-time employees, including full-time equivalent employees, on average during the prior year—it believes owe a penalty for failing to comply with the Affordable …