Affordable Care Act reporting requirements & potential penalties are still in force and reporting deadlines are approaching!  Are you prepared?

We’ve all seen the headlines discussing the Affordable Care Act – “repeal and replace”, “repeal and repair”, or just plain old “fix it”. What you aren’t seeing in the headlines are the approaching deadlines for reporting on Tax Year 2016 – and potential for penalties.

 

Deadlines:

1095B/1095C postmark to employees/responsible individuals: March 2nd, 2017

1094/1095B 1094/1095C postmark to the IRS: February 28th, 2017 (employers filing less than 250 information returns are eligible for mailing to the IRS)

1094/1095B 1094/1095C electronic filing to the IRS: March 31st, 2017 (employer filing 250 or more information returns must file electronically)

 

Penalties:

 

ACA GPS continues to welcome new subscribers for Tax Year 2016. ACA Reporting is $925 per EIN and includes:

  • Subscription to ACA Management Tool® software solution
  • Up to 1,000 Form 1095’s (Download as PDFs for printing & distributing)
  • E-Filing with the IRS (no TCC number needed)
  • Unlimited corrections / resubmissions
  • Dedicated Customer Service Representative
  • Data templates (B or C series forms)
  • Exclusive Coding Guide (C series forms)
  • OPTIONAL: Print Pack & Mail service ($2.00 per form)

A Reporting Only Subscription to the ACA Management Tool® gives employers the ability to create & distribute forms to their employees & electronically file information returns with the IRS under ACA GPS’s TCC number. This subscription can be used for either B series or C series information reporting.

Don’t let Affordable Care Act Reporting Requirements sneak up on you!  And avoid the assessable payment penalties!  Contact ACA GPS today!

To buy online, visit www.acagps.com/products. For more information on the ACA Management Tool®, or to schedule a demonstration, please visit www.acagps.com or email sales@acagps.com.

Affordable Care Act Reporting Requirements

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