Meet The March 1st ACA Form 1095-B/C Recipient Copy Deadline With ACAwise
*ROCK HILL, SC / ACCESSWIRE / February 21, 2024 / *With less than a month remaining until the IRS and State deadline for employers and health coverage providers to distribute copies of ACA Forms 1095-B/C to recipients, ACAwise presents an efficient solution.
The deadline for furnishing recipient copies of ACA forms is closely followed by the deadline for filing with the IRS and State.
*Upcoming IRS ACA Reporting Deadlines:*
· Deadline to distribute ACA 1095 recipient copies -* March 1, 2024*
· Deadline to e-file ACA forms - *April 1, 2024*
Since the enactment of the Affordable Care Act, ACA reporting has evolved into a complex filing requirement for employers and health coverage providers, integral to IRS compliance.
Beyond IRS ACA reporting, states like California, the District of Columbia, New Jersey, Massachusetts, and Rhode Island mandate employers to complete ACA reporting with State Agencies for residents in these states.
ACAwise, a leading ACA reporting software, offers businesses a complete solution for IRS filing, State filing, and Employee Copy Distribution. ACAwise supports e-filing for current and prior tax years, providing a comprehensive reporting process to ease the burden of in-house reporting.
*ACAwise's Flexible ACA Reporting Services*
Clients can choose from two reporting options, further customizable based on their specific needs.
*ACA Core Services: *For employers with readily available information seeking a complete solution for form generation and E-filing with the IRS and the State.
*ACA Elite Services: *For employers requiring a comprehensive reporting solution based on payroll, benefits, or employee census data, including form preparation with required ACA codes and E-filing ACA Forms 1095-B/CB with the IRS and State.
Regardless of the service selected, ACAwise conducts data validations, ensuring accurate forms through validations using IRS Schema and Business Rules. TIN Matching is performed to verify social security numbers against the IRS database, addressing a leading cause of IRS form rejections.
*Recipient Copy Distribution Solution from ACAwise*
In addition to all of the above-mentioned services, ACAwise also offers add-on services. ACAwise also provides a simple yet comprehensive solution for recipient/employee copy distribution.
*Postal Mailing Services - *Clients can let the ACAwise team take on the responsibility of distributing recipient copies. All copies are printed and mailed from a SOC 2 Certified printing facility and USPS Validations are performed to ensure the copy is mailed to a verified address.
*Secure Online Access - *In addition to or in lieu of postal mail, ACAwise clients can opt to give their employees/recipients access to their forms online via a secure portal. This enables recipients to access their forms anytime, from anywhere, eliminating the necessity to print and mail additional copies if the recipient loses theirs months or even years later.
While not every state requires ACA reporting with their agency, there are a few that do, including California, Massachusetts, New Jersey, Washington D.C., and Rhode Island. ACAwise supports the filing and distribution of ACA state forms. Additionally, ACAwise offers a State-only reporting option.
Moreover, ACAwise provides a White Label Solution, allowing businesses to offer ACA reporting services under their own branding and design aesthetic.
Addressing the approaching ACA deadlines, the CEO and Co-founder of SPAN Enterprises, (ACAwise's parent company), stated, "With limited time before the deadlines, our team is ready to assist businesses in meeting their reporting requirements. As IRS penalty rates rise, adhering to deadlines is crucial. We recommend contacting our team of experts as soon as possible for the 2023 tax year."
For inquiries, contact ACAwise at support@acawise.com or submit reporting requirements at acawise.com.
*About ACAwise*
Created in response to the Affordable Care Act, ACAwise is a full-service reporting provider. The experienced team at ACAwise manages the ACA reporting needs for organizations of any size and scope. The ACAwise solution includes data validations, the generation and e-filing of accurate Forms 1094-B/C and 1095-B/C with the IRS and state, complete ACA code generation, recipient copy distribution, past-year filing, and more.
*About SPAN Enterprises*
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please contact Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
*SOURCE:* ACAwise
View the original press release on accesswire.com