Friday, October 21, 2016

Are You Reporting Your Employee Health Coverage Plans to the IRS?

Employers with fifty or more full-time employees have had to deal with a few changes over the past few years thanks to the Affordable Care Act. Not only have you been required to offer health insurance coverage to your full-time employees, but earlier this year you had to start reporting that coverage to the IRS.

For the 2015 ACA filing period, the IRS had a bit more leniency for those reporting coverage. They extended the reporting deadlines, offered safe harbor qualifications for an easier transition, and even offered to forgive late filing penalties, depending on the circumstances.

This year, they’re a little more like the scary, impending IRS we’ve come to know and try to avoid too much contact with. ACA Forms 1094-C and 1095-C for the 2016 year will need to be turned in, correct and on time, or you’ll face some serious consequences.

So it’s incredibly important to have a plan in place for your 2016 and future ACA filing. We’re a little biased and recommend ExpressACAForms for the job! ExpressACAForms is chock full of state-of-the-art e-filing features to ensure your ACA Forms 1094 and 1095 are filled out correctly and sent to the right places at the right time.

Of course, what really sets us apart is our friendly and always available customer support team, based right here in Rock Hill, South Carolina. Give them a call or send an email to learn more about e-filing with ExpressACAForms!

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