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Archive by category: 1095CReturn
Don’t overlook coordinating  ACA Form 1095 and W-2 tax filings
Form 1095 and W2_Box12 are both tax filings and as such should be treated with the diligence any accounting-based tax filing requires. If the results don’t match on both forms... you essentially are signaling to the IRS that there may be a discrepancy in the filing!
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| Categories: Compliance TY2018, 1095C | Tags: | View Count: (261)
ACA IRS e-filing Process Improvements to Reduce Errors and Exposure to IRS Penalties
IRS e-filing to the new Affordable Care Act Information Returns system (AIR) requires constant technological improvement to keep up with the requirements the IRS has imposed on applicable large employers (ALE's). Most "tax filers" have not improved their process to the point where they can reduce errors and potential penalties for those using their filing systems. Essentially they can file arithmetic reports such as W-2 and 1099 but do not possess the skills and software to manage ACA filings.
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| Categories: Compliance TY2018, IRS AIR eFiling , AIR XML Requirement, Penalties, 1095C | Tags: | View Count: (443)
IRS Issues Extension For Furnishing Forms 1095-B/C and Reinforces Good Faith Transition Relief
The IRS has issued Notice 2018-94 extending the due date for the 2018 1095-B and 1095-C forms to be sent to employees from January 31, 2019 until March 4, 2019. However, the Notice also confirms that the due date for filing those same 1095 Forms with the IRS remains the same: February 28, 2019 if filing paper copies or April 1, 2019 if filing electronically. The notice also extends the good faith transition relief for ACA Reporting. 
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| Categories: Compliance TY2018, IRS AIR eFiling , Penalties, Tax Year 2018, 1095C, 1095B, Employer Mandate | Tags: | View Count: (1057)
Once the ACA IRS penalty Wheels Begin to Grind... It’s Hard to Make them Stop!
As soon as you e-file your ACA data; the IRS ACA Compliance Validation (ACV) system takes over! Once this process has begun you are now in an adversarial position with the IRS and now have to basically prove that the assessed penalties are incorrect and unnecessary. Why not avoid this trauma and extra work with the FREE examination of your data before it's filed to the IRS.
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| Categories: IRS AIR eFiling , Tax Year 2018, 1095C, 226J | Tags: #ACV , VeriTrac | View Count: (693)

Remember when being underwater was fun?

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Remember when being underwater was fun?
ACA compliance with BenefitScape is the ACA EasyButton. Don't wait until you are underwater when there are so many attractive outsourcing solutions available at BenefitScape.
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| Categories: 1095C, 1095B, Compliance TY2018 | Tags: | View Count: (254)

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