Form 1095-C Deadline for 2022 Tax Year
Updated on October 27, 2022 - 10:30 AM by Admin, TaxBandits
Nearing the end of the 2022 tax year, it's time for the employers to be aware of the ACA reporting requirements and its deadlines for 2023.
Under section 6056, every year the applicable large employers must file Form 1095-C with the IRS and furnish the copies to the employees before the deadline to avoid late filing penalties.
As a result, the IRS uses Form 1095-C to gather information from the employers about health coverage information offered to the employees.
The following topics are covered in this article:
1. When is the Deadline for filing Form 1095-C for 2023?
Every year, the IRS extends the reporting deadlines (especially the employee copy distribution deadline) for
Form 1095-C Deadline for 2022 Tax Year
|Recipient copy||Paper filing||E-filing|
|March 02, 2023||February 28, 2023||March 31, 2023|
2. State Filing Deadlines
Along with the IRS E-filing, some States require employers to report the health coverage information to the State department before the deadline.
The States with Individual Mandates and their deadlines are mentioned below:
|State||Form to file||Deadline|
|District of Columbia||IRS Form 1094 & 1095-B/C||April 30, 2023|
|New Jersey||IRS Form 1094 & 1095-B/C||March 31, 2023|
|Massachusetts||Form MA-1099 HC||March 31, 2023|
|California||IRS Form 1094 & 1095-B/C||March 31, 2023|
|Rhode Island||IRS Form 1094 & 1095-B/C||March 31, 2023|
With TaxBandits, you can also e-file your ACA Form 1095 with the IRS and the required states before the deadline.
3. What are the penalties for late filing of Form 1095-C?
Under section 6056, applicable large employers must file IRS Form 1095-C with the IRS and furnish the copies to the employees before the deadline. Failure to file your Form 1095-C on time can result in penalties.
- The penalty for failure to file and furnish a correct return is $290 for each return for which the failure occurs, with the total penalty for a calendar year not to exceed $3,532,500.
To avoid late filing penalties, follow these simple steps
- File your 1095-C on or before the due date
- Make sure of filing the correct information
- Failing to file electronically when required. For example, Employers are mandated to report electronically if filing more than 250 Forms. In such a case, if you paper file, you will be penalized.
Note: The IRS is now considering reducing this threshold from 250 to 100 in 2022 and to 10 in 2023.
Learn More about Form 1095-C Penalties.
4. E-File Form 1095-C with TaxBandits
To help you e-file 1095-C with the IRS, TaxBandits is here!
TaxBandits is an IRS certified electronic filing service provider. Our Software will validate your return against the IRS business rules and basic validations.
This ensures that your forms will reach the IRS without errors, and the chance of rejection is significantly lower.
Check out our intuitive data inputting system to complete your e-filing today.
- Manual data entry
- Bulk upload
After your return is transmitted, we will notify you of the status of your return via email or you can check
from the Dashboard
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