Last week, we mentioned that, if you’re a business owner, you may want to look into extending the deadline for your business’s IRS information returns. You know, if you’re the type of person who likes having more time to get something important done.
Now, this week, we’re here to tell you how you can take advantage of an extension form that’ll extend the amount of time you have to e-file your Affordable Care Act Forms 1094 and 1095 with the IRS! It’s Form 8809, and if it sounds familiar that’s because this is the Application for Extension of Time to File Information Returns and is used to extend the deadline for a lot of IRS forms. In fact, as a business owner, you may have even used Form 8809 before to extend the deadline for any one of these information returns:
- -Form W-2, W-2G
- -Form 1042-S
- -Form 1094-C
- -Form 1095
- -Form 1097, 1098, 1099
- -Form 3921, 3922
- -Form 5498
- -Form 8027
As you’re probably already aware, there are some serious IRS penalties that come along with submitting your ACA Forms late. So, why not get a little extra time if you can? With the ACA Forms, there’s no need to provide a reason for why you’re requesting an extension, so all you have to do is fill out some basic information on Form 8809 and submit it to the IRS before March 31 (the original ACA e-filing deadline).
Upon approval of Form 8809, you (or, technically, your EIN) will be granted an extra 30 days to file Forms 1094 and 1095. Now, that’s no 5½ to 7 months like with Form 7004, but it is plenty of time to get your e-filing completed with ACAwise while avoiding any late filing penalties.
So if you think you might be late with your IRS Form 1094 and 1095 e-filing, head on over to ExpressExtension real quick, e-file that Form 8809, then head on back to ACAwise where we’ll help you get everything in order to e-file your return!
If you have any questions in the meantime, as always, don’t hesitate to contact our customer support team. We’re happy to help and available Monday through Friday, 9:00 a.m. to 6:00 p.m. EST, by phone at (704) 954-8420 and live chat through our website. And we also offer 24/7 assistance at [email protected]