HI… I'M TERRY… AND I WORK FOR THE INTERNAL REVENUE SERVICE. UNDER THE HEALTH CARE LAW… SOME EMPLOYERS ARE SUBJECT TO THE EMPLOYER SHARED RESPONSIBILITY PROVISION. THIS PROVISION SAYS THAT… IN GENERAL… CERTAIN EMPLOYERS … ONES CALLED APPLICABLE LARGE EMPLOYERS… NEED TO OFFER AFFORDABLE HEALTH COVERAGE THAT PROVIDES MINIMUM VALUE TO THEIR FULL-TIME EMPLOYEES AND THEIR DEPENDENTS. IF YOU'RE AN APPLICABLE LARGE EMPLOYER AND YOU DON'T OFFER MINIMUM ESSENTIAL COVERAGE… YOU MAY BE REQUIRED TO MAKE A SHARED RESPONSIBILITY PAYMENT. YOU'RE AN APPLICABLE LARGE EMPLOYER IF YOU HAVE 50 OR MORE FULL-TIME EMPLOYEES… INCLUDING FULL-TIME EQUIVALENTS. THIS PROVISION APPLIES EVEN IF YOU'RE A TAX-EXEMPT ORGANIZATION OR A GOVERNMENTAL ENTITY… INCLUDING FEDERAL… STATE... LOCAL AGENCIES AND INDIAN TRIBAL GOVERNMENTS. AS AN APPLICABLE LARGE EMPLOYER… YOU'RE SUBJECT TO THE SHARED RESPONSIBILITY PAYMENT IF AT LEAST ONE FULL-TIME EMPLOYEE RECEIVES THE PREMIUM TAX CREDIT…OR P-T-C… AND YOU DIDN'T OFFER COVERAGE TO YOUR FULL-TIME EMPLOYEES AND THEIR DEPENDENTS… OR YOU OFFERED COVERAGE THAT WAS NOT AFFORDABLE OR IT DIDN'T PROVIDE MINIMUM VALUE TO YOUR FULL-TIME EMPLOYEES AND THEIR DEPENDENTS. UNLIKE MOST OTHER PAYMENTS… YOU WON'T CALCULATE… REPORT OR INCLUDE THIS PAYMENT WITH ANY INFORMATION RETURN YOU FILE. INSTEAD… THE I-R-S WILL FIGURE YOUR POTENTIAL LIABILITY BASED ON INFORMATION WE RECEIVE WHEN YOU AND YOUR EMPLOYEES FILE RETURNS. WE WILL SEND YOU A NOTICE ABOUT THE AMOUNT YOU APPEAR TO OWE … AND YOU'LL BE ABLE TO RESPOND BEFORE WE ASSESS ANY PAYMENT. FOR MORE DETAILS ON THIS AND ANY OTHER HEALTH CARE TAX PROVISIONS … VISIT I-R-S-DOT-GOV-SLASH-A-C-A.
