For the first time last year, employers faced the daunting task of reporting employee healthcare coverage information under the Affordable Care Act (ACA). It was no easy task to interpret the regulations, gather the necessary data and complete the mandatory 1095 IRS forms.
Think you’re in the clear this year? Not so fast! Although the future of the ACA is uncertain under a Republican administration – as is the impact on annual information reporting – you shouldn’t jump to any conclusions. Let’s clear up the 3 biggest misconceptions among many employers right now:
File now to meet the March 2 deadline
Electronically filing your forms with efileacaforms.com is the fastest, easiest way to meet ACA reporting requirements. Just add your employees (or select employees from last year), enter your data and submit! We print and mail copies to your employees and e-file your forms directly with the IRS. We even notify you when your forms are sent to employees and when they are accepted by the IRS.