What is the deadline for employers to meet ACA reporting requirements?
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Last modified 11/9/2024 7:33:36 AM EST
Since 2015, submitting 1095-C forms to the IRS and distributing copies of 1095-C to eligible employees have become mandatory.
Here are the deadlines for meeting ACA reporting requirements for the tax year 2024
| Category | Deadline |
|---|---|
| Employee Copies distribution | March 03, 2025 |
| Paper filing with IRS | February 28, 2025 |
| Efiling |
March 31, 2025 |
Penalties
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.
We understand receiving penalty notices or large penalties from the IRS can be stressful. ACAwise is here to help you to file your forms with the IRS on time and bypass the risk of penalties.
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