Save 75% on Vendor Payment Costs – Join our webinar and get 1 month free trial!
W-2 Filing Available for All Businesses and Individuals
We are pleased to announce that all businesses and individuals can now file W-2 forms with Zenwork. If you previously received a letter from the Social Security Administration (SSA) regarding electronic wage report submissions, please note that the issue has been fully resolved. Our systems are fully operational, and we are processing W-2 and W-2C filings without any disruptions.
Thank you for your continued trust!
1099 Forms
Payroll Forms
STOCK OPTIONS
WAGE TAX FORMS
FORM 592-B
ACA FORMS
1098 FORMS
480 FORMS
Extension Forms
Form 8027
Form 8955-SSA
1042 FORMS
5498 Forms
STATE FILINGS
STATE Payroll Forms
STATE ONLY FILING
WEST
MIDWEST
SOUTH
NORTHEAST
File multiple returns through bulk upload and import data directly via QuickBooks, Xero, etc.
Manage multiple clients with a single sign-on and reduce operation workload with Tax1099.
Create, validate, schedule, and deliver forms effortlessly from a single platform.
Manage W-9, 1099-NEC, and other IRS forms for gig workers with our intuitive platform.
Verify Payees/Merchants with real-time TIN Matching and efile in bulk with our API.
Import and organize your trading data with our real-time data management.
TAX FORM FILING
Data Import & Management
USER & WORKFLOW MANAGEMENT
Validation & Checks
PRINT & DELIVERY
COMPLIANCE & security
ADDITIONAL FEATURES
Integrations
Acquire the help required from our support.
Visual guides to help you work with Tax1099
Stay up to date about latest IRS updates.
Read the real-life success stories of our users.
Explore industry insights & latest updates
The A-Z list for tax-related terms & definitions.
Listen to thought-provoking insights and discussions with experts.
Tools
Home » ACA Form 1095-B/C Reporting Deadline, Penalties, and Extension for 2024
According to section 6056, each year, applicable large employers are required to file Form 1095-C with the IRS and provide copies to employees before the deadline to avoid penalties for late filing. Employers must file ACA Form 1095-B/C to report employees’ health insurance coverage details to the IRS. It’s essential for employers to annually submit these forms to both the IRS and the states and provide copies to employees before the deadline to prevent potential IRS penalties.
Firstly, the requirements apply to all Applicable Large Employers (ALEs). An ALE is generally an employer with at least 50 full-time employees, but you should verify your status with your Tax Advisor.
To satisfy the reporting requirements, fully insured and self-insured applicable large employers must complete Form 1095-C for all full-time employees. Employers with fully insured plans must complete Parts I and II of the 1095- C, while those with self-insured plans will complete Parts I, II, and III.
Part 1: Employee; Applicable Large Employer MemberPart 2: Employee Offer and Coverage (including Plan Start Month)Part 3: Covered Individuals
To report the necessary information to the IRS and furnish a form to employees, employers will need to capture:
Form 1095-B and Form 1099-C filing deadlines for TY 2023 are mentioned below:
With Tax1099, schedule your IRS eFile transmission date automatically for the deadline. You can edit forms for employees before sending them to the IRS, without extra charges for updates. You can also easily change the scheduled date if needed.
For the 2023 tax year, in addition to e-filing Form 1095-C with the IRS, certain states mandate employers to report health coverage information to the state department by the specified deadline.
File your ACA Form 1095 electronically with Tax1099 and submit it to both the IRS and the necessary states before the ACA deadline.
The IRS determines ACA penalties based on various factors, such as missing filing deadlines, providing incorrect information, or filing paper forms instead of electronically when required. Failure to file Form 1095-C online and provide accurate employee copies can incur penalties up to $310 per return, with a maximum total penalty of $3,532,500 per calendar year.
If you cannot file ACA Form 1095-C on time, you can request an automatic 30-day extension by filling out Form 8809 before the original deadline. Form 8809 is straightforward and can be completed quickly.
File ACA Form 1095-B/C and Form 1094 with Tax1099 in 3 simple steps:
Create Your Tax1099 Account:Sign up or login on Tax1099 and select the form you want to file.
Enter Information:Access the ACA Forms section, then enter all the details, including employee and coverage details.
Submit Form to IRS:Review the entered information for accuracy, then submit the forms electronically to the IRS.
If you’re looking for more information about the ACA regulations, reporting requirements, or IRS information on the ACA, please check this link: File 1095-C Online | E-File 1095-C| How to file 1095-C Form 2023
Master tax filing with timely updates, expert tax tips, step-by-step video guide and exclusive insights!