ROCK HILL, SC / ACCESSWIRE / February 25, 2022 / Businesses are facing many upcoming deadlines in 2022, one of which is the fast-approaching Affordable Care Act Reporting deadlines. Certain employers and business organizations are required to complete mandated reporting under IRS Sections 6055 and 6056.
All applicable large employers (those with 50 or more full-time equivalent employees) must provide minimum essential coverage to their full-time employees and must report this information to the IRS using Form 1095-C and provide a copy of these information returns to their employees.
In addition, insurance carriers, employers who offer self-funded group health insurance, and any other health plan sponsors must also report this information to the IRS using Form 1095-B.
There are three deadlines associated with this ACA Reporting:
- February 28, 2022 (IRS paper filing deadline)
- March 2, 2022 (Recipient copy deadline)
- March 31, 2022 (IRS e-file deadline)
TaxBandits offers a streamlined process that includes e-filing ACA Forms with the IRS, state agencies, and distributing copies to recipients. With TaxBandits, clients can take advantage of a simple, time-saving e-filing process. The IRS Business Rules are built-in to the process to help clients catch and correct common errors and mistakes. TaxBandits also allows clients to easily designate their authoritative transmittal when transmitting a batch of forms to the IRS.
When it comes to the recipient copy deadline, there are just a few days to complete and distribute Forms 1095-B/C. TaxBandits offers a print and mailing solution, complete with USPS Validations. This ensures that all recipient copies are mailed to a verified address in the USPS database.
In regards to the upcoming ACA Reporting deadlines, CEO and Co-founder Agie Sundaram stated, "TaxBandits offers a streamlined e-filing and distribution process that can help businesses, providers, and tax professionals meet their IRS deadlines regardless of the volume of forms they need to file. Our team is prepared to assist clients of all sizes and needs this year."
To begin e-filing ACA Forms 1094 and 1095 for the 2021 tax year, visit taxbandits.com and create a free account.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS authorized e-file provider of Forms 1099, W-2, 1095, 940, 941, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
About SPAN Enterprises
SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.
With existing Business Management and E-filing Applications such as TruckLogics, PayWow, ExpressTruckTax, and ExpressTaxExempt, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com/.
For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
SOURCE: TaxBandits
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https://www.accesswire.com/690470/TaxBandits-Offers-A-Simple-Solution-For-Meeting-1095-ACA-Reporting-Deadlines
