Today Marks the ACA 1094/1095 IRS E-file Deadline; ACAwise Offers Full-Service Reporting Solutions
*ROCK HILL, SC / ACCESSWIRE / April 1, 2024 /* Today marks the final deadline for ACA reporting, requiring all Applicable Large Employers (ALEs), insurance providers, PEOs, and other TPAs to e-file their ACA 1094 and 1095-B/C Forms with the IRS by April 1, 2024.
ACAwise, the premier ACA reporting vendor, offers tailored e-filing solutions designed to streamline the process for businesses. With customizable features and expert guidance, ACAwise ensures accurate ACA Form generation based on employers' data, along with additional services like postal mailing and TIN Matching.
It's crucial to note that the deadline for filing ACA Forms with California, Massachusetts, and New Jersey is today, April 1, 2024.
*Risks of Late ACA Reporting with the IRS*
Much like other IRS filing requirements, failure to comply with ACA Reporting deadlines and requirements can result in significant consequences. The costs of IRS penalties for this type of reporting can escalate rapidly. Therefore, it is crucial for businesses to promptly get their reporting process on track to improve their standing with the IRS. ACAwise provides a comprehensive solution to assist clients in getting back on track and meeting their requirements promptly, thereby avoiding IRS penalties.
*ACA Solutions to Help Businesses ‘Catch Up' on Reporting*
ACAwise, a leading ACA reporting vendor, offers comprehensive e-filing solutions tailored to meet the needs of businesses. By leveraging flexible options, ACAwise alleviates the burden of ACA reporting, generating ACA Forms accurately based on employers' provided data. Organizations can also benefit from customizable features such as postal mailing and/or online access for recipient copies, TIN Matching, and State-Mandated ACA reporting services.
*Next Steps for Avoiding Potential IRS Penalties*
For organizations unable to meet the deadline, there are options available to avoid IRS penalties. Mandated ACA reporters can file an Extension Form 8809, requesting an additional 30 days for completing and e-filing ACA Forms. Through ExpressExtension.com, ACAwise's sister product, organizations can easily file an 8809 Extension and receive instant IRS updates on its status.
*Reach out to the ACAwise Team Promptly*
After filing an extension, organizations are encouraged to contact ACAwise for assistance in navigating the ACA filing process. While timely filing may not always be feasible, filing slightly late is far preferable to not filing at all. The IRS tends to respond more favorably to organizations acting in good faith, and delaying filing only increases the risk of substantial ACA penalties.
When asked about the major deadline today, Agie Sundaram, CEO, and Co-founder of SPAN Enterprises (parent company of ACAwise) responded by stating, "ACA reporting is a difficult process for businesses to navigate without the assistance of a professional provider. We recommend that any businesses struggling to meet the deadline today should file an 8809 extension and give our team a call. We can help them get back on track with their reporting requirements and avoid the accumulation of harmful IRS penalties."
Businesses seeking a solution for ACA Reporting can visit acawise.com to learn more about their services and contact the team.
*About ACAwise*
Created in response to the Affordable Care Act, ACAwise is a full-service reporting provider. The experienced team at ACAwise is able to carry out the ACA reporting needs for organizations of any size. 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 ACAwise, TaxBandits, Tax990, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
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*SOURCE: *ACAwise
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