ROCK HILL, SC / ACCESSWIRE / February 6, 2023 / There is now less than a month before the IRS and State deadline for employers and health coverage providers to distribute copies of ACA Forms 1095-B/C to their recipients.

This deadline for furnishing recipient copies of ACA forms is followed closely by the deadline to file them with the IRS and State(s).

These are the upcoming IRS ACA Reporting deadlines

• Deadline to file ACA forms on paper - February 28, 2023
• Deadline to distribute ACA recipient copies - March 2, 2023
• Deadline to e-file ACA forms - March 31, 2023

Since the Affordable Care Act was enacted, ACA reporting has become a complex filing requirement that employers and other health coverage providers are required to meet as part of their overall IRS compliance.

Apart from the IRS ACA reporting, states such as California, the District of Columbia, New Jersey, Massachusetts, and Rhode Island require employers to complete the ACA reporting with state agencies for any individuals who reside in these states.

ACAwise, an industry-leading ACA reporting software, is offering businesses a complete solution to take care of IRS filing, State filing, and Employee Copy Distribution. It's important to note that ACAwise supports the e-filing of ACA forms for the current and prior tax years. With ACAwise, businesses can find a comprehensive reporting process that alleviates the burden of completing their own reporting in-house.

Clients can choose from two reporting options with ACAwise, these can then be further customized based on the business's specific needs.

• ACA Core services are designed for employers who have the information required for filing Form 1095-C readily available but are seeking a complete solution for form generation and E-filing with the IRS and the State.
• ACA Elite services are designed for employers who are looking for a reporting solution that includes form preparation (with required ACA codes) based on the payroll, benefits, or employee census data and E-filing ACA Forms 1095-B/C with the IRS and their state.

Regardless of which service clients select, ACAwise will perform a series of data validations on their behalf to ensure accurate forms. This includes performing validations using IRS Schema and Business Rules for form accuracy.

ACAwise also performs TIN Matching, this verifies that each recipient's social security number matches the SSA/IRS database, as TIN mismatches are a leading cause of IRS form rejections.

After ACAwise clients select the service that best suits their reporting needs, they can also add on additional services to create a fully customized solution. This includes,

• State ACA reporting - Supports ACA reporting with the mandated states
• Postal Mailing - Distributes recipient copies via postal mail (USPS Validations provided)
• Online Access - Enables recipients to retrieve their form copies electronically

ACAwise also offers a White Label Solution for businesses to provide ACA reporting services to their clients using their own company's branding.

When asked about the approaching ACA deadlines, the CEO and Co-founder of SPAN Enterprises, the parent company of ACAwise, responded stating, "With so little time before the deadlines, our team is willing and able to assist businesses in meeting their reporting requirements. As IRS penalty rates continue to increase, adhering to deadlines is crucial. We recommend reaching out to our team of experts as soon as possible, as our roster for the 2022 tax year is limited."

To contact the team at ACAwise, feel free to reach out directly to support@acawise.com or submit your reporting requirements at acawise.com.

About ACAwise

Created in response to the Affordable Care Act, ACAwise is a full-service reporting provider. The experienced team at ACAwise is able to carry out the ACA reporting needs for organizations of any size. The ACAwise solution includes data validations, the generation and e-filing of accurate Forms 1094-B/C and 1095-B/C with the IRS and state, complete ACA code generation, recipient copy distribution, past-year filing, and more.

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes ACAwise, TaxBandits, Tax990, ExpressExtension, 123PayStubs, and TruckLogics.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.

SOURCE: ACAwise