Employer Reporting Improvement Act

The Employer Reporting Improvement Act amends tax code provisions to simplify how employers report health insurance coverage to the IRS and protect employee dependent privacy. It allows employers to use an employee's full name and date of birth instead of a Taxpayer Identification Number (TIN) when the TIN cannot be collected, and it streamlines electronic delivery of health insurance statements with prior written consent. The bill also gives employers 90 days to respond to proposed penalties for failing to provide health insurance and extends the deadline for assessing such penalties to six years from the return's due date. These changes primarily affect large employers required to comply with Affordable Care Act reporting rules.