Living Happily Ever After…That IRS Letter

Once upon a time in a land where it rarely rains, the Internal Revenue Service sent out wonderful letters that said:

“…We have made a preliminary calculation of the Employer Shared Responsibility Payment (ESRP) that you owe…”

And the people who received it were confused, nervous and probably angry. Yes, that’s exactly how the letter begins. But how this story ends, is entirely up to you.

Despite all of the rhetoric and noise out there, the Affordable Care Act (ACA) is still the actual law of the land and it states that companies with 50 of more employees must provide healthcare coverage for them. …And when you don’t, you get letters, followed by fines, followed by Advil.

The letter, written in a tone that is oh so governmental, explains all of the things you must do including:

“Review this letter carefully (which is torture by itself). It explains the proposed ESRP and what you should do if you agree or disagree with this proposal. You must tell us whether you agree or disagree with the proposed ESRP by the Response date on the first page of this letter.” And there’s steps depending on whether you agree or disagree. (it’s a lot of really magical stuff, so we are sparing you here).

Or if you really want to rule this thing, just click your heels together and call my team of experts at Moore Benefits and allow us to find the best, affordable healthcare coverage and complete the ACA reporting that is necessary to prove it is done.

Then, you can toss this letter right into circular file and live happily ever after.

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