IRS Filing

Filing Forms 1095-C with the IRS: Ensuring Compliance and Accuracy

Introduction

As an Applicable Large Employer (ALE), filing Forms 1095-C with the IRS is a vital part of adhering to the Affordable Care Act (ACA) regulations. At The ACA Gurus, we provide comprehensive services to ensure your business meets all filing requirements accurately and on time, minimizing the risk of penalties.

What is Form 1095-C?

Form 1095-C is an IRS form used by ALEs to report information about health insurance coverage offered to their full-time employees. This form includes:

  • Employee Information: Details about each full-time employee and the coverage offered to them.
  • Coverage Details: Information on the type of health coverage provided, the months it was available, and the cost to the employee.
  • Employer Responsibility: Indication of whether the employer met the ACA’s minimum essential coverage and affordability standards.

Why Accurate Filing of Form 1095-C is Crucial

Accurate filing of Form 1095-C is essential for several reasons:

  1. Ensure Compliance: Proper filing helps avoid substantial penalties for non-compliance with ACA regulations.
  2. Inform Employees: Employees need Form 1095-C to complete their individual tax returns, particularly for determining eligibility for premium tax credits.
  3. Meet IRS Requirements: Accurate and timely submission of Forms 1095-C is crucial for IRS reporting and audit purposes.

Our Comprehensive Services

At The ACA Gurus, we manage the entire process of filing Forms 1095-C with the IRS:

  • Data Collection: We gather and verify all necessary employee and health coverage information from your HR and payroll systems.
  • Form Preparation: Our experts accurately complete Forms 1095-C for each full-time employee, ensuring all required information is included.
  • E-Filing with the IRS: We electronically file your Forms 1095-C and accompanying Form 1094-C (the transmittal form) with the IRS, ensuring compliance with filing deadlines.
  • Employee Distribution: We distribute copies of Form 1095-C to your employees by the required deadlines, either electronically or via mail.
  • Ongoing Compliance Support: We stay updated on ACA regulations and provide guidance to ensure your ongoing compliance, helping you navigate any changes in the law.

Benefits of Professional ACA Form Filing

  1. Avoid Penalties: Accurate and timely filing prevents costly penalties associated with non-compliance.
  2. Enhanced Accuracy: Expert handling minimizes the risk of errors, ensuring all forms are completed correctly.
  3. Time Savings: Outsourcing the filing process frees up your time to focus on core business activities.
  4. Peace of Mind: With our professional services, you can rest assured that your ACA filing obligations are managed effectively.

Contact Us

Don’t let the complexities of filing Forms 1095-C with the IRS overwhelm you. Contact The ACA Gurus today to ensure your business remains compliant and your forms are filed accurately and on time.