Penalty risk for first-time ALE not tracking eligibility?

Question:

Back in February 2016, we calculated our workforce numbers for 2015 and found we just hit the 50 full-time and equivalents mark.

We thought being an Applicable Large Employer meant we just had more year-end reports. Now we’re worried we might be on the line with the IRS for what those reports will show.

We haven’t done anything to check on when we should have been offering coverage.

What penalties are we facing?

Answer:


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