New Report Added to TravisCobra and WebCOBRA.com to meet IRS ARRA Audit Requirements

Posted on October 14th, 2009 by Travis.Development | 2 comments »
Category: 2009 Stimulus, New Features
Topics: ,

Thanks to a recommendation from Sheffield Olson McQueen, one of our TPA customers whose clients have received audit notices from the IRS about ARRA subsidy audits, a new ARRA Audit Report can be found in WebCOBRA’s Report module. The report will list all ARRA receipents and all applicable premiums, subsidies, and payment totals to make IRS auditing a little easier. The report is fashioned in accordance with the information requested by the IRS for ARRA premium subsidy audits.

You can begin using this report as soon as October 14, 2009 in WebCOBRA, a sample is shown below:

2 Responses to “New Report Added to TravisCobra and WebCOBRA.com to meet IRS ARRA Audit Requirements”

  1. Carlos Perez Says:
    October 15th, 2009 at 12:26 PM

    This is a great report to have. The only problem I have noticed is if you have an employer subsidy in place, the numbers in the “Total ARRA subsidy” column does not match. Several of our clients have requested in the past a report with all QB’s currently receiving employer subsidy. Web COBRA does not have this option. I strongly suggest to add a column with the employer subsidy in this new ARRA premium subsidy audits as well as having a separate report for employer subsidy only and also have this option in the Ad hoc reports.

  2. Debi Ostrom Says:
    October 16th, 2009 at 04:43 PM

    @CarlosPerez Glad you like the report!The report is per the requirements of the IRS. It’s intended to show just the ARRA subsidies, not to reflect the employer subsidies. The Ideabook is a great place For your request on the employer subsidy report. If you haven’t visited our Ideabook before, it’s at http://ideabook.travisoft.com. Look forward to seeing it there!

Comments are closed for this article.