What is the deadline for employers to meet ACA reporting requirements?
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Last modified 11/3/2023 3:06:11 AM EST
Here are the deadlines for meeting ACA reporting requirements for the tax year 2023
|Employee Copies distribution||March 04, 2024|
|Paper filing with IRS||February 28, 2024|
April 01, 2024
If you fail to file the ACA Forms to the IRS before the deadline, the IRS will penalize you for the late filing.
The ACA penalty for late filing can range from $50-$530 per form, depending on how late you are submitted to the IRS. Penalties continue to increase each day.
If you have already received a penalty notice from the IRS and are unsure how to respond, don't worry, you can reach out to ACAwise for this too. We have experienced professionals who can help you to:
- Evaluate the penalty notices
- Respond to IRS with acceptable reasons for late filing
- Avoid paying unwanted penalties
To learn more about ACA penalties, check out here