Affordable Care Act Reporting Tool – 4 Easy Steps!

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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

Avoid B and P Notices – IRS CP2100, CP2100A, and 972CG

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B and P Notices are sent out by the IRS regarding certain errors found in the previous years’ information returns. What are B and P notices? B Notice, or CP2100 and CP2100A , notifies the payer of incorrect name and tax identification number (TIN) combination errors. P Notice, or 972CG, provides a proposed civil penalty … Read more

Electronic Form Delivery Simplifies IRS 1095, 1099, & W-2

Electronic Form Delivery

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

E-Delivery Checklist – IRS Tax Year 2023

E-Delivery Checklist - man working at desk

The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. 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. E-Delivery Requirements The requirements for electronic delivery of recipient forms can … Read more

Verify TIN Information for Form 1095-B

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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

Electronic Form Delivery for Tax Year 2023

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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

3 EIN Validation Errors and Helpful Next Steps

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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

1095-B Issuer TIN and Contact Information

1095-B Issuer TIN and Contact Information

One of the easiest steps of preparing Form 1095-B is to gather the information of the 1095-B issuer. This will include their TIN information and a point of contact for any recipient questions. Issuer TIN Like recipient TIN information, issuer TINs should be verified before the filings are submitted. Tools such as TINCorrect can help … Read more

Important 2024 ACA State Requirements (TY 2023)

ACA State Requirements

Affordable Care Act (ACA) reporting can be a challenging process on its own, but with the addition of ACA State Requirements and Individual Mandates, the ACA filing process has only grown in complexity. What is an Individual Mandate? The Individual Mandate is an ACA provision that requires individuals to purchase certain coverage unless they’re eligible … Read more

3 Alternative Affordability Safe Harbors

Affordability Safe Harbors

Health coverage affordability is an important part of complying with the ACA’s Employer Mandate. Failing to comply can result in penalties and fines. So, how do employers determine affordability? There are three affordability safe harbors that can be used: Form W-2, Federal Poverty Line (FPL), and Rate of Pay. ACA Employer Mandate The ACA Employer … Read more

IRS Letter 1865C

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The IRS sends out Letter 1865C to employers if they cannot process some of their ACA forms. This can be for a variety of reasons, including improper format, incorrect forms, and typos among other things.   What is IRS Letter 1865C? The IRS Letter 1865-C, Information Return (Paper) Incomplete or Rejected for Processing, is a … Read more

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