The latest in ACA reporting, news, and preparation tips to satisfy your employer reporting requirements. Find deadlines, checklists, state requirements, and more.
Massachusetts has some additional health insurance filing requirements that aren’t covered by simply completing your federal ACA filing. All MA residents who has health coverage should receive a Form MA 1099-HC and these forms should also be filed with the state. What is Form 1099-HC? Form MA 1099-HC is a tax document that shows proof … Read more
IRS Form 720, the Quarterly Excise Tax Return, is used to report and pay excise taxes on specific goods, services, and activities. This form encompasses a wide array of excise taxes, including environmental, fuel, and communication taxes, as well as the Patient-Centered Outcomes Research Institute (PCORI) fees. This guide provides an overview of what to … Read more
Completing 1095-C forms can be confusing, but we’re here to make it simple with this list of common 1095-C coverage scenarios and examples. We’ve even created an interactive code helper tool to help make ACA filing easier. Common 1095-C Coverage Scenarios: Full-Time Employee, Enrolled All 12 Months, qualifying offer In this example, the employee (EE) … Read more
The end of the 2023 tax year means that the 2024 filing season is just around the corner! With our filing guide, you don’t have to spend endless hours laboring over getting your filings prepared and submitted to the IRS. Whether you’re brand new to filing or have been a doing this for a while, … Read more
Tax Year 2023 is coming to a close, which means that the filing season of 2024 is upon us! We’ve created this guide, so you don’t miss the 2024 deadlines. Basic Information When each tax year, or calendar year, comes to a close, employers must ensure that they meet all IRS tax requirements regarding filing. … Read more
Many states have adopted Individual Mandates. Vermont is one of these states. While there are currently no additional requirements for employers, there will be if federal ACA reporting requirements are eliminated. What are the deadlines for Vermont ACA filings? There are currently no additional Vermont ACA reporting requirements. Conclusion Employers must keep ACA state requirements … Read more
DC ACA Filing The District of Columbia requires all District residents to have Minimum Essential Coverage for themselves and dependents or pay a tax penalty. The DC law also requires employers to submit an information return regarding Minimum Essential Coverage to the DC Office of Tax and Revenue. Continue reading to learn more about updates to … Read more
Many states have adopted Individual Mandates. Massachusetts ACA filing is now required for certain employers and insurance providers. Massachusetts Individual Mandate For tax year 2023, along with federal requirements, Massachusetts has state regulations that require MA residents to have health coverage that meet certain standards. At the federal level, the coverage is known as Minimum … Read more
Many states have adopted Individual Mandates. New Jersey ACA filing is required for certain employers and insurance providers. Clarifications to New Jersey ACA Requirements The NJ Market Preservation Act requires reporting to verify coverage provided by payers of NJ’s Income Tax. NJ requires employers, insurers, and other coverage providers to: Where New Jersey ACA Requirements … Read more
Rhode Island ACA filing is now required for ACA forms for Tax Year 2023. We know that new requirements can be tricky, so we’ve created this guide to simplify things! Rhode Island ACA Filing Requirements If you are an employer of a Rhode Island resident, or if you provide Minimum Essential Coverage to a Rhode … Read more
Many states have adopted Individual Mandates. California ACA filing is now required for certain employers and insurance providers. California ACA Filing Requirements If you are an employer of a California resident, or if you provide Minimum Essential Coverage (MEC) to a California resident, including spouses and/or other dependents, you must report ACA data to the … Read more
Today, the Internal Revenue Service (IRS) published the yearly AIR Production cutover schedule for the Tax Year 2023 (Filing Season 2024). The temporary shutdown will impact all transmissions related to the Affordable Care Act (ACA), including corrections and replacements. AIR Production Cutover Schedule The shutdown for production will begin at at 7:00 am ET on … Read more
It is important that you know what information you need before you begin preparing form 1095-B for ACA reporting. We’ve compiled the following 4 key topics in our Form 1095-B Guide that may help you to correctly and timely complete your filing. What’s new for Form 1095-B? The electronic filing threshold has been decreased to … Read more
Before you begin to prepare your ACA reporting, it’s important that you know what information you need in preparing Form 1095-C. We’ve compiled the following 7 key topics in our Form 1095-C Guide that may help you to correctly and timely complete your filing. What’s new for Form 1095-C? The electronic filing threshold has been … Read more
Both Forms 1095-B and 1095-C are for Affordable Care Act reporting, but you may find yourself asking: which ACA form do I need? There are some key differences in each form, so we have created this guide to help you decide which you need in order to report your data. What is the ACA? In … Read more