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FAQ (Frequently Asked Questions)
Stuck on an IRS term you haven’t heard before? Search IRS FAQ archives to ensure you’re filing out forms to the best of your knowledge. Follow step by step guides on fixing common IRS returned errors.
EIN Validation Errors and Next Steps
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 is Employer Shared Responsibility?
Employer Shared Responsibility
The Affordable Care Act’s employer shared responsibility provisions require certain employers (called applicable large employers or ALEs) to offer affordable health coverage to at least 95% of their full-time employees and their dependents, or otherwise make an employer shared responsibility payment to the IRS.
No Statute of Limitations for Assessment of ESRP (ACA)
Have you ever asked yourself: “Do I have to complete my ACA filings for previous tax years?” The answer is YES. There is no statute of limitations in assessing Employer Shared Responsibility Payment (ESRP). The IRS published a Memo on February 24, 2020 regarding the statute of limitations for assessment of an ESRP under Section … Read more
Common IRS ACA UI AIR Error Codes
Interfacing with the IRS is difficult, but it doesn’t have to be. Instead of dealing with the hassle of XML development and AIR Error codes, you can file your tax forms with BoomTax. We will handle the entire filing process from start to finish. Want to learn more?