Day: November 26, 2019

  Rockwood, Tennessee’s public utility officials didn’t file the proper Obamacare forms with the Internal Revenue Service on time, and now the utility must pay the feds more than $25,0000 in penalty costs. This, according to an audit Tennessee Comptrollers released about Rockwood Electric Utility on Monday. REU officials did not return The Tennessee Star’s repeated requests for comment. Specifically, utility officials failed to file Form 1094-B and Forms 1095-B with the IRS or provide Form 1095-B to employees and former employees. “Failure to timely file/provide these forms causes the Utility to not be in compliance with the Affordable Care Act,” according to the audit. “Forms filed after the mandated due date are subject to penalties. The estimated penalty for the Utility is $25,720.” Form 1094-B is the Transmittal Form for Form 1095-B. Form 1095-B is the Health Insurance informational return. A separate Form 1095-B must get filed for each employee and former employee covered by the utility’s health insurance plan during the year, Comptrollers wrote. This is not the first instance this year of the IRS penalizing a public entity in Tennessee. As The Star previously reported: • The IRS assessed nearly $400,000 in penalties and interests against the Maury County…