Title
Consideration of and action on a resolution authorizing representation in an IRS matter and delegating authority to execute Form 2848 IRS Power of Attorney.
Body
Summary:
You may recall, on Saturday, August 10th, 2019, I attended a special meeting of the TML-Health Board of Trustees held in Dallas, Texas. The purpose of that meeting was to allow the Board of Trustees to take action on this matter. The Trustees unanimously voted to have the Pool absolve its affected members of the potential penalties and fees from the IRS stemming from the late filing of IRS Forms 1094-C and 1095-C for the 2016 and 2017 tax years. The message below comes from a model agenda item summary of this matter, as prepared by TML-Health Benefits Pool. It provides an excellent summary of the City of Deer Park's need to adopt this resolution and sign the IRS Power of Attorney form.
This memo explains the purpose of the resolution authorizing representation in the IRS matter concerning
notice of proposed penalties for the late filing of IRS Forms 1094-C and 1095-C for the 2016 and 2017 federal
tax years.
Background
In summary, TML IEBP was required to file forms 1094-B, 1095-B, with the IRS regarding health insurance
coverage provided to Pool group employees. Forms 1094-B and 1095-B (the "'B' Forms") are required to be filed by health insurance issuers and carriers to report information to the IRS and employees regarding provision of minimum essential coverage under the Affordable Care Act. A separate 1095-B is filed for each employee with the IRS, and a copy is provided to the employee. Form 1094-B reports summary information for the issuer/carrier and transmits the Forms 1095-B to the IRS. TML IEBP has timely filed "B" Forms as an "issuer" of coverage each year since 2015, and provided copies to all Pool groups' employees.
Forms 1094-C and 1095-C (the "'C' Forms") are required to be filed by employers with more than 50 full-time
employees (Applicable Large Employers, or A...
Click here for full text