Has your organization received notification from the IRS that one or more of your 2016 1094-C and/or 1095-C forms contained incorrect employee Taxpayer Identification Numbers?
Even if you have not received one yet, there is a very good chance that you might since the season for these dreaded and difficult I.R.S “AIRTN500 Error” messages is now upon us.
Correction of these filing errors is a detailed, deadline-dependent, multi-step process requiring complete knowledge of highly specific IRS regulations. Sadly, yet perhaps predictably, many of these errors can be attributed at least in part to deep inadequacies in the IRS’s own reporting software. We at E.D. Bellis know the faults and fault lines of the system and are ready to help you navigate them completely and with confidence.
In our extensive ACA experience here at E.D. Bellis, we know that large employers can almost invariably expect to receive at least one of these notifications and in some cases many more, each of which can subject the employer to a $250.00 penalty if not remedied, in addition to a $50.00 penalty to the employee for non-compliance. These fines are issued on a per-form basis and can quickly add up to many thousands of dollars.
Perhaps more than any federal law in recent memory, the Affordable Care Act has created incredible uncertainty for numerous employers, and by any account, this law is not going away soon.
The first of the ACA’s administrative and compliance burdens has now passed, with the mandatory 1095-C reports having been due to on March 31 and with the 1094-C forms deadline of June 30 also behind us. Yet you may find that despite meeting these deadlines, there is still complex work to be done to correct filing errors.
And of course, large organizations should also be planning ahead for the next open enrollment period beginning in November, 2016, an area where E.D. Bellis can likewise provide truly expert assistance.
We are still taking 2015 reporting clients and our team at E.D. Bellis (see bios below) is ready to help you with affordable solutions to these ongoing ACA compliance issues. In collaboration with our strategic partners, we have developed a full-service and straightforward IRS ACA compliance program to coordinate and manage the entire ACA process required for your organization’s operations.
When it comes to Affordable Care Act compliance, and specifically ACA IRS reporting, we believe it all comes down to services — services that are well-known to be sorely lacking from many so-called “big box” payroll providers. Ultimately, organizations just want to know that their compliance is complete and the IRS receives the correct form files — a goal we take very seriously.
Our solutions are a great fit for employers of any size who need help making sense of — and if necessary correcting — these complex forms. We look forward to collaborating with you in your capacity as a professional to assist your organization with compliance on the ACA’s confusing and ever-changing requirements.