In The Wake Of The ACA 1095 Recipient Copy Deadline ACAwise Offers A Full-Service Reporting Solution
*ROCK HILL, SC / ACCESSWIRE / March 1, 2024 /* The ACA 1095 Recipient Copy Deadline has arrived, and many businesses are likely scrambling to meet the critical milestone in the Affordable Care Act (ACA) compliance calendar. Today, March 1, 2024, marks the IRS deadline for businesses to distribute copies of ACA Forms 1095-B and 1095-C to recipients and employees.
While this deadline is distinct from the e-filing deadline with the IRS, it remains a pivotal component of successful ACA reporting. Whether your business has missed the deadline or is uncertain about ACA reporting requirements, ACAwise offers a last-minute, comprehensive solution to navigate these challenges seamlessly.
*Affordable Care Act Reporting Overview:*
The ACA 1095 Recipient Copy Deadline is a crucial ACA compliance milestone, requiring businesses to furnish employees and recipients with copies of Form 1095, detailing essential health coverage information.
Who needs to file ACA Forms? Typically, providers of health insurance coverage and Applicable Large Employers (ALE) with 50 or more full-time or full-time equivalent employees.
The IRS mandates that businesses required to complete ACA reporting must distribute copies of Forms 1095-B/C to recipients by March 1, 2024, for the 2023 tax year.
For businesses in need of a comprehensive ACA reporting solution, ACAwise is the answer. Key indicators include the need for ACA code generation, recipient copy distribution solutions, a dedicated account manager, TIN matching for SSN accuracy, working with raw data, or catching up on reporting requirements from previous tax years.
*Complete Solutions from ACAwise:*
ACAwise streamlines the ACA reporting process, offering flexible options for data submission. Once uploaded, the platform undergoes precise data validations, generating forms with codes if needed. ACAwise supports distribution via postal mail or secure online access, state filing, and facilitates e-filing with the IRS, including support for corrections.
Time is of the essence as the ACA 1095 Recipient Copy Deadline approaches. ACAwise empowers businesses with its user-friendly platform, and expert support, and ensures seamless ACA compliance. Don't let the deadline overwhelm you; choose ACAwise to make ACA compliance a stress-free experience.
Addressing the approaching ACA deadlines, the CEO and Co-founder of SPAN Enterprises, (ACAwise's parent company), Agie Sundaram, stated, "As we approach the crucial deadlines for ACA reporting, the ACAwise team is here to assist businesses in meeting their IRS and state requirements. With IRS penalty rates on the rise, timely adherence to deadlines is more critical than ever. We strongly advise reaching out to our team of experts as soon as possible for the 2023 tax year. Let's work together to navigate this process seamlessly for a penalty-free tax filing experience for your business."
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
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