Department of Treasury: Internal Revenue Service, Affordable Care Act (ACA/ABLE) and Foreign Accounts Tax Compliance Act (FATCA)
The AIR System provides insurance companies, self-insured companies, large businesses, and businesses that provide health insurance to their employees a mechanism to submit information returns to the IRS to report individual’s health insurance coverage. The FATCA System provides foreign financial institutions and certain other non-financial foreign entities a mechanism to report on the foreign assets held by their U.S. account holders.
Honovee developed, tested, and maintained the Affordable Care Act Information Return (AIR) and Foreign Accounts Tax Compliance (FATCA) Systems for the Internal Revenue Service (IRS). We are experts in requirements engineering, Extensible Markup Language (XML) Schemas, and implementing Secure Hash Algorithms (SHA) in accordance with National Institute of Standards and Technology (NIST) Standards, web application development, database development, configuration management, enterprise architecture, and a range of programming environments such as Oracle and Java, and Java Enterprise Edition (J2EE).