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

7 Essential ACA Terms You Should Know

7 Essential ACA Terms

As more states begin to pass their own individual mandate, employers are understanding that meeting the Affordable Care Act’s reporting requirements is a complex process which includes overwhelming terminology. We’ve gathered a glossary of the most essential ACA terms you’ll need to know before filing.  Common ACA Terms ACA Information Returns Program (AIR) Under the ACA, … Read more

2023 ACA Deadlines (TY2022)

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Tax Year 2022 is coming to a close, which means that the filing season of 2023 is upon us! We’ve created this guide, so you don’t miss the 2023 ACA 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 … Read more

IRS AIR Production Cutover Schedule Released for TY 2022

IRS AIR Production Cutover Schedule Released for TY 2022 - Orange cone in parking lot

Today, the IRS announced the annual AIR Production cutover schedule for the Tax Year 2022/Filing Season 2023. This shutdown will affect all Affordable Care Act (ACA) transmissions, including corrections and replacements. AIR Production Cutover Schedule The system shutdown for production will begin on December 5, 2022 at 7:00 am ET. The start up date and … Read more

New Jersey ACA Changes for 2023 Filing Season

White Tiles Spelling Out "Update" on a red background - NJ New Jersey ACA Changes

New Jersey is among the few states that have implemented state Affordable Care Act (ACA) mandates. With the 2023 filing season right around the corner, New Jersey ACA Changes have been announced amongst filing requirements.  New Jersey ACA Changes There have been a couple updates regarding NJ ACA Requirements for the coming tax seasons.  The … Read more

Rhode Island ACA Deadline Update Effective in 2023

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On Oct 19 2022, the RI Division of Taxation (part of the RI Department of Revenue) released an advisory for taxpayers and tax professionals regarding ACA individual mandate filing deadlines. Rhode Island ACA Deadlines The advisory states that the Rhode Island ACA deadlines for both furnishing forms and reporting with the state have been updated. … Read more

2023 Form W-2 Deadlines (TY2022)

2023 Form W-2 Deadlines

The end of the 2022 tax year means that the 2023 filing season is just around the corner! This guide was created to help you avoid missing the 2023 Form W-2 Deadlines. Basic Information When each tax year, or calendar year, comes to a close employers must ensure that they meet all IRS tax requirements … Read more

2023 Form 1099 Deadlines (TY2022)

2023 deadlines - red clock

The end of the 2022 tax year means that the 2023 filing season is just around the corner! This guide was created to help you avoid missing the 2023 Form 1099 Deadlines. Basic Information When each tax year, or calendar year, comes to a close employers must ensure that they meet all IRS tax requirements … Read more

IRS Final Regulations on 10/13/22 – Eligibility for the PTC

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On Oct 13, 2022, the IRS released the final regulations regarding Affordability of Employer Coverage for Family Members of Employees and how this affects eligibility for the Premium Tax Credit (PTC).  Background The final regulations amend the Income Tax Regulations (26 CFR part 1) under section 36B of the Code.  The IRS and Treasury Department … Read more

IRS Letter 1865C

IRS Letter 1865C - Flat lay of decorated envelopes

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 1865C is a notice typically sent out to employers and filers … 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 … 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. 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 by the IRS. In … Read more

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