Form 1095-C Filing Deadline for 2023 Tax Year
Updated on October 27, 2023 - 10:30 AM by Admin, TaxBandits
Nearing the end of the 2023 tax year, it's time for the employers to be aware of the ACA reporting requirements and its deadlines for 2024.
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.
1. When is the Deadline for filing Form 1095-C for 2024?
Every year, the IRS extends the reporting 1095-C deadlines for 2023 (especially the employee copy distribution deadline) for 1095-C form.
Form 1095-C Deadline for 2023 Tax Year
|Recipient copy||Paper filing||E-filing|
|March 04, 2024||February 28, 2024||April 01, 2024|
2. Form 1095-B/C State Filing Deadlines
Along with the IRS 1095-c 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, 2024|
|New Jersey||IRS Form 1094 & 1095-B/C||April 01, 2024|
|Massachusetts||Form MA-1099 HC||January 31, 2024|
|California||IRS Form 1094 & 1095-B/C||April 01, 2024|
|Rhode Island||IRS Form 1094 & 1095-B/C||April 01, 2024|
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 $310 for each return for which the failure occurs, with the total penalty for a calendar year not to exceed $3,783,000.
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 10 Forms. In such a case, if you paper file, you will be penalized.
Learn More about Form 1095-C Penalties.
4. What are the changes to ACA Form 1095 for 2023 Tax Year?
However, there are a few changes made to the penalty amounts and the affordability percentage.
Click here to learn more about ACA Form 1095 changes for the 2023 tax year.
5. 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
Success Starts with TaxBandits
The Smart Business Owners Choice
Easy navigation, easy to use and follow. Love web-base platform so no software is required for installation. It’s the selling point, in my opinion.- Hanh T
Reminds me of upcoming deadlines and auto-calculates the totals as required. Simplifies filling and download of pdf forms.- Stacey D
Easy and reasonably priced. Great customer service!- Allen Cohen
I’m quite impressed, especially in comparison with other sites from the IRS list I reviewed as well. Well done. Thank you.- Igor Mandryka
Very easy to find my way around, most help features are very good, customer service response has been exceptional for the price point.- Jerry Morris