The Internal Revenue Service (IRS) on Thursday issued instructions for complying with ObamaCare’s employer mandate. The mandate, which requires businesses with more than 50 workers to offer insurance or face penalties, was initially slated to take effect in January. But the Obama administration announced in July that it would delay enactment of the contentious rule for a year, in part because of confusion over the reporting requirements. Still, the IRS is urging insurers and applicable employers to begin following the draft rules next year on a voluntary basis. – See more here.
Source: Fullerton Chamber of Commerce