Will My Clients Be Penalized?

[MyFIT]

I have a client that has 2 restaurants. both restaurants have their own tax id number. the husbands name is on both, where as the wife's name is on only one. both biz have about 50 employees each. and of the 50 employees each 25 of are seasonal for 3 months. are they required to offer obamacare?

 

[stuy119]

Most likely. Bring the CPA into the discussions.

 

[ABC]

This will fall under the IRS code 414. You can not answer this question for the client only a CPA can determine if the ownership in both companies qualifies for the employer mandate.

The have strict views with family ownership.

 

[leevena]

ABC is correct, but based on the fact that you have close to 100 total employees, there is a high probability that this group will reach 50 fte's. You need to do the fte's hours calculation.