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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: (61)
 BenefitScape has No Cutoff Date for Accepting Clients for TY2018
ACA Deadlines are fast approaching and we've got you covered. BenefitScape will support you through from start to finish, from Form 1095-B/C Creation to Marketplace Appeals support. Get started today!
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| Categories: ACA Compliance TY16 | Tags: IRSAIR , ACA Reporting , IRS eFiling , TCC | View Count: (1623)
JUDGE RULES AGAINST ACA BUT THE LAW STANDS
JUDGE RULES ACA INVALID – WHITE HOUSE SAYS LAW REMAINS IN PLACE On Friday, December 14, Judge Reed O’Connor, a Texas federal district court judge, issued a decision in Texas v. Azar, a lawsuit challenging the constitutionality of the individual mandate and, with it, the entire Affordable Care Act (ACA).
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| Categories: Compliance TY2018, Penalties, Tax Year 2018, Employer Mandate | Tags: | View Count: (47)
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: (346)
There are Simply Some Jobs You Should Not Do Yourself!
Taking the initiative to get the job done is a behavior that should be rewarded. One caveat is that when the outcome is very important, sometimes it's a good idea to ask for help. ACA compliance is very complicated and even a small error in the data can cause inadvertent penalties to be determined by the IRS. If you are not 100% certain the data is error-free, we would be pleased to do a pre-filing audit for you at no cost.
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| Categories: | Tags: | View Count: (245)
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