With the ACA 1094/1095-C filing deadline approaching, employers need to prepare for this critical compliance requirement. These forms provide essential details about the health insurance coverage offered to employees, helping the IRS enforce ACA mandates. For the 2024 tax year, electronic submissions are due by March 31, 2025, while employee 1095-C forms must be mailed by March 3, 2025. This timeline allows employees to review their coverage for personal tax filings.

Employers must also be aware of potential penalties for incorrect or late filings. The IRS has strict guidelines, and non-compliance can lead to significant fines. It’s vital for organizations to conduct thorough audits of their health insurance offerings and employee records to ensure accuracy before submission.

Effective communication during this process is crucial to minimize confusion. By preparing in advance and ensuring compliance with all regulations, businesses can avoid penalties and support a smoother tax filing season for employees.

In summary, the upcoming ACA 1094/1095-C filing requires careful attention from employers. For assistance with accurate completion of your forms and to alleviate any burdens, contact ACA Compliance Solution Services, Inc. at 877-959-3953 x222 or Click here.