It’s finally hare, the final deadline of the ACA reporting season. Tomorrow is the last day to e-file your ACA Forms with the IRS. There may be businesses and organizations out there that have fallen behind and are unable to make their deadline. Let’s discuss next steps and the best options for these mandated filers for avoiding IRS penalties.
First, File an Extension Form 8809
If you know that meeting your deadline just isn’t possible, your best option is to file an extension. The extension that applies to the ACA forms is the Form 8809 extension. Please be aware that you must file Form 8809 by midnight tomorrow in order for the IRS to grant your request for an extension.
The extension Form 8809 will buy you some time, but not much. Unlike some extensions that are for additional months of time, the Form 8809 extension will only give you an additional 30 days to file your ACA Forms.
However, when compared to penalties, an additional 30 days to file is still extremely helpful. The good news is that this extension is pretty simple to attain. It is an automatic extension that can be filed electronically within minutes. The IRS won’t require you to justify or provide any reasoning for your extension. Instead, you will be able to get instant IRS approval.
If you are interested in getting an extension for your ACA Forms, we recommend that you file with our sister product, ExpressExtension. You can get instant IRS approval for your Form 8809 extension, the extension is automatic. As long as you provide accurate information, your extension should be approved. If your extension is rejected for any reason, you are able to re-transmit for free!
Next, Find a Full Service Solution
Choosing an ACA reporting vendor is an extremely important decision, you need to make sure that you can trust them with your sensitive information and that they can fulfill all of your filing requirements. That’s where ACAwise comes in!
So, where should you start when it comes to deciding what your business needs to maintain IRS compliance? Check out our services, they range from our ACA Core package to our ACA Elite package.
Do you have the codes for your employees but you want an easy, streamlined way of e-filing your forms? Then the ACA Core services offered by ACAwise are exactly what you are looking for. You can upload your employee information to your ACAwise account, we can accept your data in a variety of forms for your convenience.
Once we have your data, we will validate it using TIN matching to ensure that all of your employee TIN’s are correct. We also validate your employees addresses against the USPS database to ensure that your recipient copies make it to the correct destination. Now we will generate your copies and you can review them.
Now, all that’s left is to e-file your ACA 1095 Forms with the IRS and mail out your recipient copies to your employees.
If you have no idea where to start with your ACA codes then this package is the best option for your business. Your employee’s payroll data and benefits information is all that ACAwise needs to help you generate the codes for your Form 1095-C.
You get all the benefits of the basic package plus we create all of your codes for you. No matter which package you choose, the ACAwise team will be there at every step of the process!