ACA Reporting Deadline is Today! June 30th!

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It’s Deadline Day! File Your ACA Forms or Face A Penalty

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It’s Deadline Day! File Your ACA Forms or Face A Penalty

June 30, 2016 Robert Sheen ACA Audit, ACA Compliance, Affordable Care Act, IRS, Penalties

We’ve finally reached this point.

Today (June 30) marks that day that all Applicable Large Employers (ALEs) with 50 or more full-time equivalents must electronically file forms 1094-C and 1095-C.

If you’re self-insuring your employees, then you must also file forms 1094-B and 1095-B.

If filed incorrectly, penalties will follow, as the CBO projects $228 billion in penalties between 2016 and 2025. It’s a rather complicated task to use the AIR system for filing, so tread carefully when operating it on this deadline day.

For further information, contact the IRS or contact Gregg Kasubuchi at gkasubuchi@fcci.us.com of First Capitol Consulting for a free spot-audit of your ACA compliance & reporting practices.

For any questions or a consultation on the ACA or IRS Letter 226J, contact Gregg Kasubuchi of First Capitol Consulting at (213) 355-5108 or at gkasubuchi@fcci.us.com.

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Robert Sheen

Esq., is Editor-in-Chief of The ACA Times. He also is founder, president and CEO of First Capitol Consulting

Robert Sheen is Founder and President of First Capitol Consulting, Inc. Robert is a graduate of the University of Southern California, in Business Administration with an emphasis in International Finance. He earned his Juris Doctor from Loyola Law School, Los Angeles, concentrating in Tax Law.

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