As per the employer mandate, employers with 50 or more full-time employees are required to file forms 1094C and 1095C for each full-time equivalent employee. Employers are required to file this annual report to the IRS on the coverage offered to their full-time equivalent employees. Employers that do not submit an annual IRS return or provide individual statements to all full-time employees may be subject to a penalty up to $280 per return, with a maximum annual penalty of $3,392,000 million.
The procedure of notifying employees of their benefits, affordability, and eligibility is a cumbersome task and requires a great deal of responsibility. We, at ACA Compliance Solution Services, Inc., streamline the process and reduce your responsibility.
ACA Compliance Solution Services, Inc. works alongside employers in gathering all necessary data, preforming testing, and e-filing to the IRS. We look forward to assisting employers with these ever changing ACA demands and IRS requirements.