For large employers having 50 or more full-time and full-time equivalent employees working for at least 30 hours a week has to submit the 1094/1095 ACA filings to IRS for every annual tax session. This Employer Mandate Provisions for specifying the Minimum Essential Coverage offered to all health insurance covered employees have to be compulsorily submitted, failing the IRS Letter 5699 for non-compliance for formsubmissions in the previousyearwillbe sent to theseemployers. This letter has to berespondedwithin 30 days, failing IRS charges high penalties. ACA Compliance Solutions simplifies the filing process. Explore acacss.
For large employers having 50 or more full-time and full-time equivalent employees working for at least 30 hours a week has to submit the 1094/1095 ACA filings to IRS for every annual tax session.
This Employer Mandate Provisions for specifying the Minimum Essential Coverage offered to all health insurance covered employees have to be compulsorily submitted, failing the IRS Letter 5699 for non-compliance for form submissions in the previous year will be sent to these employers.
This letter has to be responded within 30 days, failing IRS charges high penalties.
ACA Compliance Solutions simplifies the filing process.
Need guidance for IRS 6055 and 6056 filing?
Section 60555 reporting requirements apply to health insurance provider for small employers who sponsor self-funded health plans.
On the other hand, 6056 is applicable for large employers.
Davidow Financial & Insurance Services, Inc. is one of the leading nationwide insurance agencies that offers an extensive portfolio of value-added services in the employee benefit space including ACA compliance services, such as 1094/1095 reporting and IRS 6055 and 6056 Reporting.
Call us now on +1 818 264-1325.
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