As an Applicable Large Employer (ALE) with 50 or more full-time or full-time equivalent employees, your business is required to file Forms 1094-C and 1095-C with the IRS each year. These forms provide critical information about the health benefits you offered to your employees, which the IRS uses to determine whether you’re compliant with the Affordable Care Act (ACA) and to assess employees' eligibility for premium tax credits.

If your business has missed filing these forms in a previous year, you may have received IRS Letter 5699, which inquiries about why these forms were not filed. This letter typically provides details such as the tax year(s) in question, your employer identification number, and instructions on how to respond. If you’ve received this letter, it’s crucial to act quickly to avoid significant penalties.

Why You Need to Act Quickly on IRS Letter 5699

Failing to respond to IRS Letter 5699 within the required 30-day deadline can result in severe penalties, potentially amounting to millions of dollars. As the deadline approaches, gathering the necessary data to complete the forms can become challenging, especially if you’ve already missed the filing deadline.

It’s essential to respond promptly and ensure your forms are filed correctly, even if you’re behind schedule. ACA Compliance Solution Services can help you navigate this process, minimize penalties, and ensure compliance with ACA regulations.

Our Past Year’s 1094/1095 Filing Service

If you’ve missed filing the 1094/1095 forms in previous years, you must act immediately to correct the issue. Although the filing process may seem straightforward, gathering accurate employee data and completing the forms correctly within a short timeframe can be overwhelming. The ACA’s reporting regulations are complex and constantly changing, making it difficult to ensure compliance without the right expertise.

ACA Compliance Solution Services offers comprehensive past year’s 1094/1095 filing services. Our team of experienced ACA compliance experts will guide you through the process, ensuring that you meet all regulatory requirements and avoid costly penalties.

Our Service Offerings

Our end-to-end 1094/1095 filing services include the following:

1. Planning

• Compliance Obligation Assessment: We determine your business’s 1094/1095 compliance obligations based on your ALE status and any potential penalties.
• Letter 5699 Response Strategy: We create a tailored strategy for responding to IRS Letter 5699, ensuring you meet all deadlines and requirements.
• Form Identification: We determine which forms need to be completed and ensure they are filled out accurately.
• Project Planning: We develop a detailed plan outlining the steps required to file the 1094/1095 forms and respond to the IRS.

 2. Data Preparation

• Data Collection and Coding: We identify, collect, and code all necessary data, ensuring accuracy in the reporting process.
• Form Entry: We enter the data into the appropriate 1094/1095 forms and conduct thorough quality checks to resolve any discrepancies or errors.
• Data Validation: We ensure that all data is accurate and compliant with IRS guidelines before submitting the forms.

 3.IRS Filing / Response

• Filing Method: We determine the appropriate filing method (manual or online) based on your business’s needs.
• Delivery Package: We create a comprehensive delivery package, including transmittals and distribution materials for the IRS.
• Letter 5699 Response: We prepare and submit a well-crafted response to IRS Letter 5699 to clarify any filing issues and avoid penalties.

Why Choose ACA Compliance Solution Services?

ACA Compliance Solution Services stands out for its commitment to delivering high-quality 1094/1095 compliance services. Our clients trust us to manage their ACA compliance needs, and we offer a range of benefits that make us the ideal partner for your business:

• Proven Track Record: Trusted by over 5,500 clients across the U.S., many of whom have partnered with us for ongoing ACA compliance and regulatory support.
• Experienced Professionals: Our team includes ACA compliance experts with deep knowledge of the regulations and extensive consulting experience.
• Proprietary Methodologies:We use proprietary tools and techniques, backed by continuous research, to ensure your compliance is accurate and timely.
• End-to-End Services: Our full-service approach minimizes client involvement while ensuring timely and accurate filings.
• Flexible Engagement Models: We offer customized, outcome-based engagement options to meet the unique needs of your business.

Conclusion

If your business has missed filing the 1094/1095 forms in previous years and you’ve received IRS Letter 5699, it’s crucial to act immediately to avoid significant penalties. ACA Compliance Solution Services provides comprehensive past year’s 1094/1095 filing services, guiding you through the process and ensuring compliance with the ACA’s complex requirements. Contact us today to learn how we can help you resolve your filing issues and protect your business from costly penalties.