Prepare for ACA Reporting: TY2018 Guide

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It is important that you know what information you need before you begin preparing for ACA reporting. We’ve identified the following 7 key topics that may help you to correctly and timely complete your ACA filing with our Step-by-Step Guide.

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Affordability Safe Harbors – Tax Year 2018

affordability safe harbors

Determining the affordability of the health coverage offered to your full-time employees and their dependents can be a bit complex. To put it simply, provided coverage is considered affordable if the premium constitutes less than 9.69% of the household income of an eligible employee.

Since household income can be difficult to determine, due to factors such as spousal or secondary income, the IRS offers three safe harbor options to assist in determining affordability:

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Penalties for ACA, 1099 & W-2 Reporting TY2018

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Take active measures to avoid paying penalties for Tax Year 2018 by planning ahead, keeping track of your deadlines, and double-checking your information. If you fail to timely file your information returns or file them incorrectly, you could be liable for additional fines or fees.

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Import Spreadsheet Format Guidelines for Tax Year 2018

aca, affordable care act, information returns, wage reporting, 1099, 1099-MISC, 1099-INT, 1099-DIV, 1095-C, 1095-B, W-2, efiling, ACA reporting, irs, 1095-C Import Spreadsheet, 1095-B Import Spreadsheet, 1099-MISC Import Spreadsheet, 1099-INT Import Spreadsheet, 1099-DIV Import Spreadsheet, W-2 Import Spreadsheet, Excel Import Spreadsheet

We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2  data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. 

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ACA Recipient Copy Deadline Extension TY2018

ACA Reporting, aca, efiling, efile, e-filing, e-file, affordable care act, boomtax, 1095C, 1094C, 1095B, 1094B, transition relief, Tax Year 2018, deadlines, ACA deadline extension

The IRS has just released Notice 2018-94, which will extend the due date for some Tax Year 2018 information-reporting requirements for ALEs, insurers, self-insured employers, and certain other providers of minimum essential coverage. As of this notice, the due date to furnish the ACA Recipient Copy of Forms 1095-B and 1095-C has been extended from … Read more