The latest in ACA reporting, news, and preparation tips to satisfy your employer reporting requirements. Find deadlines, checklists, state requirements, and more.
Today, the Internal Revenue Service (IRS) published the yearly AIR Production cutover schedule for the Tax Year 2024 (Filing Season 2025). 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 5:00 pm Eastern Time on … Read more
When the IRS made reporting Affordable Care Act (ACA) a requirement back in 2015, it made employer reporting an obligation. There are two form types that can be submitted: Form 1095-B Health Coverage & Form 1095-C Employer-Provided Health Insurance Offer and Coverage. Failure to fulfill the filing and furnishing obligations with the IRS results in … Read more
The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. Electronic Form Delivery Benefits There are many benefits to E-Delivery: However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it. Electronic Form Delivery Requirements The requirements for … Read more
Tax Year 2024 is coming to a close, which means that the filing season of 2025 is upon us! We’ve created this guide, so you don’t miss the 2025 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
After determining the individuals who should receive or be reported on the Form 1095-B, it is important to verify their taxpayer identification number (TIN) information. Verify TINs Before Filing Failing to include a recipient’s TIN, or providing the wrong TIN, could result in your filing being rejected, requiring corrections, re-issuing recipient copies, and potential penalties … 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 2024, 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 2024. 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
The end of the 2024 tax year means that the 2025 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
Health Reimbursement Arrangements (HRAs) are a type of health plan that employers can use to reimburse their employees for certain medical expenses. What is a Health Reimbursement Arrangement? A health reimbursement arrangement (HRA) plan is a type of employer-funded plan that reimburses employees for certain medical expenses and insurance premiums. Employers may be able to … Read more
The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it. Electronic Form Delivery Requirements The requirements for electronic delivery of recipient forms can be found in IRS … Read more
One of the most common types of ACA e-filing errors returned from the IRS AIR system are TIN validation errors, including EIN validation errors. The most common EIN validation errors are listed below: What causes an EIN Validation Error? This will happen when the name and EIN submitted in your filing doesn’t match what the … Read more