It’s not too late to get the help you need with the ACA’s new electronic filing.
With less than 45 days to the first ACA deadline of 2024, now is the time to have a concrete plan for meeting your obligations. You’ve probably heard by now that the IRS has tightened the rules about electronic filing of Forms 1094 and 1095. In the past, you might have had so few forms you could just print them out and mail them in to the IRS. But now, the IRS has made that nearly impossible. The good news? We can help if you get started by February 19, 2024.
I need help with my ACA forms!
Critical 2023 Tax Year ACA Deadlines
Paper filing
(with waiver or fewer than 10 forms)
February 28, 2024
Electronic filing
April 1, 2024
Furnishing forms to employees
March 1, 2024
Penalties for late filing or failing to file (per form)
| Year due | Up to 30 days late | 31 days late through August 31 | After Auguast 1 or not filed | Intentional disregard |
|
2024 |
$60 | $120 | $310 | $630 |
| 2023 | $50 | $110 | $290 | $580 |
| 2022 | $50 | $110 | $280 | $570 |
You might be wondering how to sign up to electronically file your own forms. Unfortunately, that process can take months, and there is little practical way to accomplish that in time to avoid the increasing penalties for late filing. If you’re certain you won’t be able to file by the deadline, you should consider applying now for an extension, known as Form 8809. Even with the extension, it is unlikely you will have time to complete the steps to apply for a Transmission Control Code, develop your own electronic filing system, and pass all of the required tests to be able to file.
How does ACAChamp make it easy to generate, distribute, and file Forms 1094 and 1095?
Easy, single-file data import makes the upload process simple.
Generate and distribute forms when you’re ready.
Identify potential errors before you submit.
We securely file your forms electronically with the IRS.
Access the information you need, when you need it.
Form 1095 reporting, simplified.
ACAChamp’s required data can, for many employers, be done in as little as 2 hours.
Our flat rate of $3,000 is less than you could pay in penalties for just 10 forms.