ACA Prepare & Report
The Employer’s Guide to Meeting Reporting Requirements
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ACA Reporting Still Required For Applicable Employers
Between the continued debate in Washington, efforts to “repeal and replace” and the recent Tax Act, you may wonder where the Affordable Care Act (ACA) stands. To cut through the confusion: None of these developments changed the responsibility of employers to prepare and report.
The Tax Cuts and Jobs Act of 2017 only modified the individual mandate, removing penalties for individuals who don’t purchase insurance on the ACA exchange, effective 2019. For applicable large employers (ALEs) with 50 or more full-time (or full-time equivalent) employees, however, the ACA obligations remain unchanged. You must file the proper 1095 forms with the IRS and send summary statement to employees by the 2019 deadlines.
Not only that, but the IRS remains steadfast in its enforcement initiatives. Noncompliant employers could face costly penalties for failing to meet the obligations.
Download Free E-Guide
ACA Prepare & Report: What You Need To Know To Meet The Requirements
The deadline for providing ACA tax reporting forms to employees is January 31, 2019. Will you be ready to file? Download this free e-guide to learn what you should do now to prepare and report for the upcoming tax season.
This e-guide includes:
- ACA Reporting Basics
- Businesses Affected
- Filing Deadlines
- Filing Solutions
Deadlines & Penalties
The agency has made it clear that it intends to levy ACA penalties as long as the law remains in place.
Follow these key dates to make sure you don’t get hit with the costly penalties described below.
February 28
Last day file paper
ACA forms with the IRS
(max of 250 forms)
ACA forms with the IRS
(max of 250 forms)
March 4
Last day to provide
ACA form copies to
your employees
ACA form copies to
your employees
April 1
Last day to e-file ACA forms
with the IRS (mandatory
for 250+ forms)
with the IRS (mandatory
for 250+ forms)
The Price of Being Late
Penalties for not filing ACA reporting forms can add up fast even for small employers. Here’s how they break down:
| MAXIMUM PENALTY | |||
|---|---|---|---|
| DATE RETURNS FILED/FURNISHED |
PENALTY PER FORM |
SMALL BUSINESSES (gross receipts <$5 million) |
LARGE BUSINESS & GOVERNMENT EMPLOYERS |
| Up to 30 days late | $50 | $196,000 | $545,500 |
| > 30 days thru August 1 | $100 | $545,000 | $1,637,500 |
| After August 1 | $270 | $1,091,500 | $3,275,500 |
| Intentional disregard for deadlines |
$540 | No limit | No limit |
Your Filing Options
Full Service Solutions
- Use our web-based service to complete the forms easily and efficiently online
- Upload data using an Excel template or complete the forms online
- We print and mail the forms directly to employees and e-file the forms with the IRS
- Simple, secure & affordable for even the smallest employer
- Try it out free – no credit card or payment required until you submit your forms
Print Your Own Form
- Print IRS-compliant forms yourself with our leading desktop software
- Includes forms and envelopes for 50 employees; additional forms available separately
- Software also facilitates e-filing with the IRS through our secure e-filing facility (or you can submit paper forms – transmittal forms are included)
- Available through HRdirect, the leading provider of ComplyRight products
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