District Reduces IRS ACA Penalty After Review
- Disclosed value
- $42,630.00 (reduced by $1,740.00)
- From minutes
- Document date
- Mar 23, 2021
The 30-second brief
Due to Affordable Care Act provisions, the Internal Revenue Service initially levied a $42,630.00 penalty against the Derry Cooperative School District for 16 employees who purchased insurance on the Marketplace. After correcting reporting discrepancies, the district reduced the penalty by $1,740.00.
Internal Revenue Service holds this financial services contract with Derry School District. Its other public contracts on record include work for Verde Valley Fire District and Town of Pelican.
Term as filed: Penalty related to 16 employees for current Affordable Care Act reporting year.
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Contract details
- Contract type
- Financial Services
- Amount
- $42,630.00 (reduced by $1,740.00)
- Document date
- March 23, 2021
- Term
- Penalty related to 16 employees for current Affordable Care Act reporting year
- Vendor
- Internal Revenue Service
- Agency
- Derry School District
- Source document
- Derry Cooperative School Board Meeting Minutes March 2021 (Minutes)
Internal Revenue Service's other public contracts
More Derry School District contracts
Questions about this contract
Who was awarded the financial services contract by Derry School District?
Internal Revenue Service was awarded this financial services contract by Derry School District, as recorded on March 23, 2021. The contract value is $42,630.00 (reduced by $1,740.00).
How much is the Internal Revenue Service contract with Derry School District worth?
The Internal Revenue Service contract with Derry School District is valued at $42,630.00 (reduced by $1,740.00), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Derry Cooperative School Board Meeting Minutes March 2021 (Minutes), dated March 23, 2021 from Derry School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Internal Revenue Service hold?
Internal Revenue Service may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Derry School District currently buying?
Explore Derry School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.