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If you are an employer of 50 or more full time or equivalent employees within the past year, then you must abide by the laws of ACA filing requirements and report to the IRS. As you know, ACA compliance is complex, cumbersome, and loaded with uncertainties, then why not hires an expert? ACA Compliance Solution Services are experts in the compliance field and deliver a complete solution for IRS reporting, provide signature ready forms, and ensure year-round compliance. We also specialize in missed past year 1094/1095 filings, IRS 226-J/5699 letter services, ERISA Wrap plan documents, and 5500 filing services. For more info, visit our website acacss.com or call 877-959-3953now.

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Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees. In this context, this form includes four sections, but only the three sections are required to be filled in. Amongst the sections in the form is Part I, which denotes the responsible individual, and furnishes the basic information about the eligible employee. Besides, Part III is for the issuer or other coverage provider that brings in the basic information for the applicable small employer. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

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Premium Only Plans are ideal for businesses those who want to provide tax benefits for their eligible employees. If you are a business looking to save on taxes, a premium only plan (POP)is the perfect fit. A POP plan offers a win-win situation for employees and employers. ACA Compliance Solution Services provides compliance services to employer groups. For more info, visit our site acacss.com or call 877-959-3953 now!

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All applicable large employers (ALEs) having 50 or more full-time equivalent employees are required to mandatorily submit the 1094 ACA reporting to the IRS for every annual tax session. The Employer Mandate Provisions formulates that the Minimum Essential Coverage furnished to all covered employees for health insurance has to be compulsorily submitted, failing, the IRS Letter 5699 for non-compliance for form submissions in the previous year will be sent to such employers. This letter has to be responded to within 30 days, or else the IRS charges high penalties. Resolve the vital IRS filing issues only with ACA Compliance Solution Services, Inc. Contact at [phone]

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Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees. In this context, this form includes four sections, but only the three sections are required to be filled in. Amongst the sections in the form is Part I, which denotes the responsible individual, and furnishes the basic information about the eligible employee. Besides, Part III is for the issuer or other coverage provider that brings in the basic information for the applicable small employer. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

[acacss]

Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees. In this context, this form includes four sections, but only the three sections are required to be filled in. Amongst the sections in the form is Part I, which denotes the responsible individual, and furnishes the basic information about the eligible employee. Besides, Part III is for the issuer or other coverage provider that brings in the basic information for the applicable small employer. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

[acacss]

All applicable large employers (ALEs) having 50 or more full-time equivalent employees are required to mandatorily submit the 1094 ACA reporting to the IRS for every annual tax session. The Employer Mandate Provisions formulates that the Minimum Essential Coverage furnished to all covered employees for health insurance has to be compulsorily submitted, failing, the IRS Letter 5699 for non-compliance for form submissions in the previous year will be sent to such employers. This letter has to be responded to within 30 days, or else the IRS charges high penalties. Resolve the vital IRS filing issues only with ACA Compliance Solution Services, Inc. Contact at [phone]

[acacss]

Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees. In this context, this form includes four sections, but only the three sections are required to be filled in. Amongst the sections in the form is Part I, which denotes the responsible individual, and furnishes the basic information about the eligible employee. Besides, Part III is for the issuer or other coverage provider that brings in the basic information for the applicable small employer. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

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For the employers missing out to file the past year’s 1095 forms, ACA Compliance Solution Services, Inc. provides a strong team of experts offering in-depth expertise in filing the 1095 forms or responding to the Letter 5699 within 30 days to resolve the 1095 penalty. In this process, they offer holistic planning, data preparation, and IRS filing response services. During planning, they identify the compliance obligations of 1095 forms, based upon the ALE status, and the possible penalties. They also strategize to respond to Letter 5699 in the most effective way possible. In the data preparation, they enter the information in 1095 form by identifying, collecting, and coding all the essential data, after performing quality checks. Finally, they identify the IRS filing mode i.e. online or manual, along with generating a response to the Letter 5699. Explore www.acacss.com

[acacss]

Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees. In this context, this form includes four sections, but only the three sections are required to be filled in. Amongst the sections in the form is Part I, which denotes the responsible individual, and furnishes the basic information about the eligible employee. Besides, Part III is for the issuer or other coverage provider that brings in the basic information for the applicable small employer. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

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ACA Compliance Solution Services, Inc. aids in strategizing the ACA compliance issues with the IRS through their licensed ACA compliance specialists. They offer all-inclusive ACA consulting solutions and dedicatedly resolve the ACA filing requirements for the ALE (applicable large employers) and small employers. In this context, the ALEs are required to submit the IRS form 5500 for ensuring that the minimum health insurance coverage is fulfilled for all the applicable employees for the particular annual tax session. Some of their steadfast services include 1094/1095 form fill-up procedures for both large and small employers, 226-J penalty reduction services, previous years’ 1094-C/1095-C filing service, ERISA WRAP services and documents, and also the resolution for Form 5500. Visit www.acacss.com, or call [phone]

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Get faster ACA late filing solutions from ACA Compliance

The mandatory provisions specified under the Affordable Care Act (ACA) of 2010 stipulate that all ALEs (applicable large employers) are needed to abide by the protocols of the IRS and submit the IRS form 5500. By submitting this form, the ALEs ensure that the employees’ minimum health insurance coverage is appropriately satisfied for the particular annual tax session. It is to be noted that this form has to be submitted only by those ALEs, coming with at least 50 full-time or full-time equivalent employees operating for a minimum of 30 hours per week.

These employers thus get an opportunity to avoid the hefty penalties of not submitting the 1094/1905 forms to the IRS. Therefore, to nullify such dilemmas of ACA late filing, and consequent penalties from the IRS, the ALEs can find expedited resolutions from the ACA Compliance Solution Services, Inc. The licensed experts of this legitimate agency assist the ALEs in strategically managing and simplifying the entire e-filing procedures for submitting to the IRS.

Come; let’s go through the effective solutions offered by ALEs to sync up the ACA filing:

In line with the ACA compliance regulations, all ALEs deploying at least 50 or more full-time workers or equivalents are obligated to submit forms 1094C and 1095C forms to the IRS. Thus, the ALEs are accountable for submitting detailed reports to the IRS for each taxable session, inclusive of the drafted testament that the health insurance coverage for the applicable employees is satisfied. It is to be noted that when such ALEs ignore and fail to submit the annual reports to the IRS, they can be imposed with substantial penalties by the IRS.

Thus, when the ALEs fail to send such reports, they are required to fill up the late filing form of 5500 to the IRS, inclusive of the late filing charge of $25 per day which can also go up to $15,000. This hefty penalty has to be paid right from the filing due date until the time when the missing filing reports are submitted by the ALEs. Subsequently, when these ALEs again neglect and miss the final form submission dates to the IRS, they are also required to pay an additional fine of $1,100 a day to the Department of Labour (DOL), with no upper limits.

Let’s unearth the ways taken by ACA Compliance Solutions Services to avoid late filing for ALEs:

According to the stipulations issued by the IRS, all ALEs need to obligatorily fill up and submit the Employer Mandate Provisions that describe the specifications of the Minimum Essential Coverage of the health insurance. Thus, the ALEs failing to submit the yearly reports to the IRS, and also ignoring the last filing dates of the IRS 5500 forms are responsible for obtaining Letter 5699 from the IRS. This letter specifies the non-compliance concerns for the specific ALE for the preceding taxable session.

Whenever the ALEs get these crucial letters from the IRS, they are accountable to acknowledge them within 30 days, or else they will be penalized with hefty fines. In such risky situations, it is quite justified for the ALEs to seek support from an authentic and licensed compliance agency to get a quick solution to negate such hassles. One of the most trusted authorities happens to be the ACA Compliance Solutions Services meticulously guiding the ALEs to fulfil all the protocols laid by the IRS. These professionals come with exhaustive knowledge of collating vital data to sort out compliance issues by analyzing the forms and quickly submitting them to the IRS via the new-age e-filing system.

To Put It Concisely

ACA Compliance Solution Services, Inc., the leading compliance professional is the best platform to assist the ALEs and streamline the entire process of ACA late filing for the qualified ALEs. Ensuring accelerated professional solutions that help the applicable large employers to sustain the stringent protocols laid by the IRS for submitting the ACA forms after the due date, along with the payment of the hefty penalty applicable.

#ACA past years 1094/1095 filing

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The difficult process of ACA filing services is dedicatedly synchronized by ACA Compliance Solution Services, Inc., in which case they completely reduce the employers’ responsibilities. In this context, the Affordable Care Act (ACA) stipulates reporting obligations for all ALEs or applicable large employers employing 50 or more full-time equivalent employees working for at least 30 hours to submit the 1094-C and 1095-C ACA filings to the IRS (Internal Revenue Service) for the previous calendar year.  The same reporting formalities are also required to be followed by the applicable small employers deploying less than 50 full-time equivalent employees through the submission of the Forms 1094-B and 1095-B (Parts I, III, and IV) for every annual tax session on the Minimum Essential Coverage provisions to the eligible employees.

#finance #financial services

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For the employers missing out to file the past year’s 1095 forms, ACA Compliance Solution Services, Inc. provides a strong team of experts offering in-depth expertise in filing the 1095 forms or responding to the Letter 5699 within 30 days to resolve the 1095 penalty. In this process, they offer holistic planning, data preparation, and IRS filing response services. During planning, they identify the compliance obligations of 1095 forms, based upon the ALE status, and the possible penalties. They also strategize to respond to Letter 5699 in the most effective way possible. In the data preparation, they enter the information in 1095 form by identifying, collecting, and coding all the essential data, after performing quality checks. Finally, they identify the IRS filing mode i.e. online or manual, along with generating a response to the Letter 5699. Explore www.acacss.com

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The mandatory ACA requirements for employers for submittingan e-filing to IRS entailsall small employers, with less than 50 full-time employees sponsoring self-insured health plans to report with the Forms 1094-B and 1095-B (Parts I, III, and IV) during every tax session on the Minimum Essential Coverage provisions for employees. Again for employers with 50 or more full-time employees are required to submit the annual report to IRS on the coverage amount with forms 1094C and 1095C. This arduous process is synchronized by ACA Compliance Solutions Services, Inc., wherein they mitigate the employers’ responsibility. 

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For the employers missing out to file the past year’s 1095 forms, ACA Compliance Solution Services, Inc. provides a strong team of experts offering in-depth expertise in filing the 1095 forms or responding to the Letter 5699 within 30 days to resolve the 1095 penalty. In this process, they offer holistic planning, data preparation, and IRS filing response services. During planning, they identify the compliance obligations of 1095 forms, based upon the ALE status, and the possible penalties. They also strategize to respond to Letter 5699 in the most effective way possible. In the data preparation, they enter the information in 1095 form by identifying, collecting, and coding all the essential data, after performing quality checks. Finally, they identify the IRS filing mode i.e. online or manual, along with generating a response to the Letter 5699.

#finance

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Understand the ACA filing requirements with the help of the professionals and contribute in making the workforce beneficial for both you and your employees!

#IRS penalty reduction services