Why Should an Employer Need to file Form 1095-C form to the IRS?
450 views | Last modified 11/3/2023 3:00:39 AM EST | Added by ACAwise Team

The employer needs to file Form 1095-C form with the IRS to help the IRS determine whether the employer owes a payment under the employer shared responsibility provisions or not under section 4980H. 

It is also used to determine if an employee is eligible for the Premium Tax Credit(PTC) from the health insurance marketplace.

If you are looking to accurately e-file your ACA forms 1095-C with the IRS on-time and save you from the risk of unwanted penalties, get in touch with ACAwise, we completely take care of your ACA reporting requirements and help you stay. ACA compliant!

Here’s how we help you meet your ACA Form 1095-C reporting requirements

Getting Started

To get started, get in touch with our ACAwise support team at (704)-954-8420 or email us at [email protected]. Our ACAwise experts will reach out to you to discuss your requirements and create a plan to set up your ACAwise account so that you can get started. 

Share your Data

Once your account has been created, Sign in to upload your employee’s data available in your own template.  The acceptable file formats include doc, docx, csv, zip, digital pdf, xls, xlsx, xlxm, or XML. 

If you do not have your employee data available in any of the above file formats, you can download our ACAwise template. This can be found under the template menu in your ACAwise account based on the information available to you.

• If you have employee’s data with ACA codes

Download the appropriate form template, fill in the required information such as employee’s basic details, employee’s offer, and coverage details along with covered individuals in the downloaded excel template, and upload it back to your account for processing.

• If you have employee data without ACA codes

Download the appropriate template based on the insurance coverage information available to you. This helps our team generate the ACA codes. Fill in the required information, such as employer details, employee’s basic details, and insurance coverage details in the downloaded excel template and upload it back to your account for processing.

Once we receive a notification that your data has been uploaded, we will process your files and get in touch with you for any clarifications or missing data.  We then generate the 1094 and 1095 forms.

Review and Approval

Once the forms are generated, we will send them for your review. You can review the forms in PDF format within your ACAwise account or download the Excel format forms to review them offline. You then have to approve it for e-filing with the IRS. 

E-File with the IRS

Upon your approval, we will take care of e-filing your 1094 and 1095 Forms to the IRS via the IRS AIR system. You will be notified of the filing status as soon as we hear back from the IRS.

Postal Mailing

You may opt for the postal mailing of Employees Copies. We do USPS Address Validations against the employees’ addresses on file. This ensures the forms are delivered to a valid address without any delays.

Other Optional Services

ACAwise provides the below optional services along with the E-filing of the forms:

1. TIN Matching
2. USPS Address Validations
3. Online Portal to access employee copies
4. State E-filing with states that have passed individual state individual mandates

Click here to know more about the services ACAwise offers.