The deadline to E-file your ACA Forms with the IRS is approaching! Have you completed your forms and mailed them off to your employees? If so, that’s awesome you are keeping up with your deadlines and you are probably on the right track!
If you are still struggling to get your reporting together and you are starting to think that getting on the right track is just an illusive dream…this information is for you!
Have You Determined Your ALE Status?
This is step one. If you are still going through your employee records and trying to figure out if you are even required to file, here is some advice to help you!
First ask yourself, “Did my business employ 50 or more full time employees, this year?”
If the answer is no, you must consider your part-time or seasonal employees. Do you have a total of 50 full time equivalent employees? The term “full-time equivalent” means that your part-time employees may collectively add up to one or more full-time employees.
In order to avoid inaccuracies in your filing, you need to review your payroll data. Even if you are unsure how to generate your own codes, be sure that you know the health insurance status of your employees from each month of 2019. This is the data that an ACA reporting provider will need in order to take over your filing. Which brings us to our next point…
Find An ACA Reporting Vendor
You must act now! If you are still struggling, it is time to call in a professional ASAP. While you may be in a rush to catch up with your deadlines, you shouldn’t rush into choosing your ACA reporting vendor. You must choose a vendor that will be able to handle your needs, even at the last minute.
Stay IRS Compliant With ACAwise
ACAwise offers solutions to accommodate the user with little to no experience with ACA reporting all the way up to the most highly experienced user. ACAwise services remove the burden of complicated filing by providing accurate, timely filing with very little work on the client’s end. Highly customizable solutions are catered to meet each client’s needs, and range from basic to complete. The level of assistance desired will determine the amount of data that the client will need to provide.
The IRS e-file deadline is serious business. The sooner you reach out to ACAwise, the sooner we can come up with a plan to reach your deadlines and maintain your IRS compliance.