How to File 1095-C Online for 2023 with TaxBandits
What Information is Required to File 1095-C Online?
- 1. Employer Details: Name, EIN, and Address
- 2. Employee Details: Name, SSN, and Address
- 3. Employee Offer of Coverage details: ACA Codes, and amounts
- 4. Covered Individual Details: Name, TIN, Date of Birth (if SSN or other TIN is not available), covered months
A Simple, Cloud-based 1095-C filing Solution with Amazing Features!
Along with the IRS filing, you can also report health coverage information to the states that require ACA 1095 reporting.
Distribute Form Copies
TaxBandits distributes employee Form 1095-C copies by postal mail and/or through the TaxBandits online access portal.
Bulk Upload Templates allow you to import ACA Form 1095-C data in bulk rather than using manual entry.
ACAwise - A Full-Service ACA Form 1095-C Reporting Solution
ACAwise services include data handling, form generation complete with the required codes, and data validations at every stage of the process.
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Frequently Asked Questions on Form 1095-C Filing
What is IRS Form 1095-C?
IRS Form 1095-C is filed by Applicable Large Employers (ALE) with 50 or more full-time equivalent employees to report their employees’ health coverage information to the IRS. This information is used by the IRS to determine whether an ALE Member owes a payment under the employer-shared responsibility provisions under section 4980H. A copy of
Form 1095-C must also be sent to all employees.
To learn more about the 1095-C Form, visit www.irs.gov.
Click here to learn more about Form 1095-C for the 2023 Tax Year.
What are the recent updates to Form 1095-C for the 2023 Tax Year?
However, there have been a few updates to the affordability and penalty rates, to learn more about them, click here.
When is Form 1095-C due?
The following are the due dates for filing and furnishing Form 1095-C:
- Employee Copy Distribution - March 04, 2024
- Paper filing - February 28, 2024
- Electronic filing - April 01, 2024
For more information visit Form 1095-C filing due date.
Note: The IRS encourages businesses to file 1095-c Online rather than filing paper forms.
At this time, you are required to file 1095-C electronically when filing more than 250 forms.
What are the penalties for not filing ACA Form 1095-C?
ACA penalties are determined by the IRS using many different factors. This includes missing the filing deadline, failing to provide correct information, and/or filing paper forms when electronic filing was required.
According to the IRS, the penalty for failure to file 1095-C Online and provide an accurate employee copy can be as high as $310 per return. The maximum total penalty for a calendar year can be as high as $3,532,500.
How can I apply for an extension to file ACA Form 1095-C?
If you’re unable to file ACA Form 1095-C on time, you can apply for an automatic 30-day extension by completing Form 8809 before the original deadline. Form 8809 is a simple form that can be completed in minutes. Learn More about the ACA Form 1095-C Extension.
Helpful Resources for Form 1095-C Filing
Know about the Form 1095-C for 2022 ACA reporting. Read through this article to learn more about Form 1095-C.
Form 1095-C Instructions
TaxBandits has provided the complete guide that contains line by line instructions to file Form 1095-C.