ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
ACA Reporting
Electronic Filing for ACA Forms
Most employers will have to transmit their 2023 Forms 1095 to the IRS electronically.
Simplify ACA Reporting with Our Affordable and Accurate Solution
The IRS has updated ACA filing requirements for the 2023 tax year, impacting how employers submit Forms 1095. Beginning this year, employers with 10 or more of any tax form must electronically send Forms 1095 to the IRS. This marks a departure from the previous electronic filing threshold, where electronic filing was mandated only for employers with 250 or more Form 1095 returns.
The 10-or-more criterion is determined by aggregating all forms required for filing with the IRS, encompassing not just Form 1095 but also Form 1094 and other information returns like W-2s, 1099s, and income and excise tax returns. Employers facing undue hardship in electronic transmission may apply for a waiver from the IRS, though cost factors into the waiver request.
BAS uses the IRS electronic AIR filing system to transmit all ACA forms, irrespective of quantity. Employers using BAS for ACA data collection and reporting can be confident that BAS will help you meet your electronic filing obligations. For details on BAS’ comprehensive ACA services, contact your account manager or email solutions@basusa.com. Stay compliant and informed with BAS as your trusted ACA partner.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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ACA Reporting
IRS Releases Draft 2026 Form 1095-C
The IRS has released a draft of the 2026 Form 1095-C with few substantive changes from 2025, giving employers an early look and a timely reminder to review ACA reporting processes.
ACA Reporting
IRS Announces Increased ACA Employer Shared Responsibility Penalties for 2027
The 2027 ACA employer shared responsibility amounts reflect another increase in potential penalties for ALEs that fail to comply with ACA employer mandate requirements.