ACA Reporting
Understanding IRS ACA Penalty Letters and How to Respond in 2025
An employer may receive an ACA penalty letter if their filing is late, missing or inaccurate.
Tagged
1094-C Transmittal of Employer Provided Health Insurance Offer and Coverage
69 articles
ACA Reporting
Affordable Care Act Reporting Tool – 4 Easy Steps!
With ACA filing came the list of requirements employers must follow. Check out the interactive Affordable Care Act reporting tool!
ACA Reporting
IRS AIR Production Cutover Schedule Released for TY 2024
Today, the IRS announced the annual AIR Production cutover schedule for tax year 2024, which will affect all ACA transmissions in this time.
How and When to Report
IRS Corrections: What, When, Why and How?
BoomTax filings include free unlimited corrections. Know what they are, when to submit them, why they're necessary, and how to minimize them.
ACA Reporting
What is Employer Shared Responsibility?
The ACA’s employer shared responsibility provisions require ALEs to offer affordable health coverage to at least 95% of their FTEs.
Employer Basics of Reporting
Verifying Employee TIN Information
An important detail in completing your ACA reporting is verifying your employee TINs in order to avoid fines and penalties
ACA Reporting
What is a Common Law Employee?
The first step in preparing for ACA reporting is identifying all of your common law employees. The IRS defines an employee as anyone who...
ACA Reporting
AIR Schema and Business Rules for Tax Year 2024 Released
Version 1 of AIR schema and business rules for TY24 have been posted to the IRS AIR website. Forms 1094-B, 1095-B, 1094-C, and 1095-C.
ACA Reporting
Better Late Than Never – Filing Penalties for ACA Forms in 2025
Filing in 2025 with the increase of tax enforcement from the IRS, there comes an increase in Filing Penalties for ACA forms.
ACA Reporting
What is a Full-Time Employee?
The next step to preparing for ACA reporting is determining your monthly total of full-time employees. The IRS defines this as...
ACA Reporting
Self-Insured Plans: IRS Form 1095-C Preparation
All providers of health coverage, including employers that provide self-insured plans, must file their annual returns with the IRS.
ACA Reporting
Mastering Form 1095-C: The Essential Guide
Form 1095-C provides information regarding health coverage offered by an employer for each employee to both the IRS and to the employees.
ACA Reporting
Mastering Form 1094-C: The Essential Guide
Everything you need to know about Form 1094-C, including definitions like aggregated ALE group, how to file, penalties, 1094-B vs 1094-C, etc.
ACA Reporting
Offer Methods for Certifications of Eligibility – IRS 1094-C
22. Certifications of Eligibility - Offer Methods. This line is a very important part to get right. It may look confusing, but it's actually pretty simple!
ACA Reporting
IRS AIR Production Cutover Schedule Released for TY 2023
Today, the IRS announced the annual AIR Production cutover schedule for tax year 2023, which will affect all ACA transmissions in this time.