Need More Time to E-File Your Employee’s 1094 and 1095 Form?
Today is the last day to file your Affordable Care Act Forms with the IRS. All Applicable Large Employers and Third Party Administrators must e-file their ACA information returns with the IRS by midnight tonight to remain compliant and escape penalties.
Today is the Last Day to File Your ACA Forms
While ACAwise is a full-service ACA filing solution we can only do so much and with the time left. We cannot guarantee that your information will be processed in time. If you have yet to start the e-filing process, we recommend you file tax extension Form 8809.
All Applicable Large Employers and Third Party Administrators are still required to file ACA Form 1095 by the ACA filing deadline. If you file after the deadline without an extension, this is what to expect.
Affordable Care Act Penalties 2018
While the American Health Care Act (AHCA) or Trumpcare is yet to pass through the legislature, the 2018 Obamacare penalty is still fully enforced. All Applicable Large Employer and Third Party Administrators are still required to file ACA Form 1095 by the ACA filing deadline.
Failure to File/ Inaccurate Filing
Your business could potentially be penalized $260 – $520 per form if you fail to file a correct information return (1094 or 1095 Form), but this amount cannot exceed $6 million in total.
Failure to E-file
If your business files 250 or more forms, you are required to e-file. If you paper file you will incur a penalty of $260 per form.
Failure to Meet 95%
If you do not offer coverage to a minimum of 95% of full-time employees, your business will face a fine of $2,260 ($188.33 per month) per full-time employees.
Failure to Offer Coverage
If your business fails to offer affordable health coverage, you will be fined $3,390 ($282.50 per month) per full-time employee.
Where Can I File Tax Extension Form 8809?
Our sister product, ExpressExtension is an IRS-authorized e-file provider of business information returns and extension forms. Their cloud-based software will transmit your Form 8809 safely and securely to the IRS.
Step-by-step instructions help to quickly e-file and transmit the form. Then within a matter of minutes, you will be notified about the status of the IRS approval. Avoid hefty IRS penalties by filing your IRS 2017 Extension Form 8809 today!