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.