Act Now: Complete and Distribute ACA Forms 1095-B/C By Tomorrow’s Deadline with TaxBandits

There is a major deadline for Affordable Care Act reporting tomorrow: Learn more.

Stephanie Glanville | February 29, 2024 | Read time: 7 minute(s) | ACA Forms, Deadline | No Comments

The clock is ticking, and the deadline for the recipient copy of ACA Form 1095-B and C is fast approaching—tomorrow, March 1, 2024. In this blog post, we’ll take a deep dive into the significance of this deadline and why e-filing with TaxBandits is your best bet for a seamless and timely submission.

Not to mention recipient copies – TaxBandits offers the solutions you need to ensure that your recipients receive form copies.

About the Recipient Copy Deadline

The March 1, 2024, deadline for ACA Form 1095-B/C recipient copies is a crucial milestone in the Affordable Care Act (ACA) reporting calendar. It marks the date by which employers and insurers are required to furnish covered individuals with essential information regarding their health coverage. Missing this deadline can result in penalties, making it imperative for businesses to take swift action.

Benefits of Filing and Distributing ACA Forms 1095 Electronically

With the limited time to complete Forms 1095 and distribute them to employees and recipients, e-filing is an excellent alternative to completing paper forms.

In addition to saving time, the built-in audit checks included in the TaxBandits filing process use the IRS Business Rules to catch common errors. This will prevent the common mistakes that can lead to an IRS form rejection, and the need to file aca corrections down the road.

Plus, TaxBandits allows you the opportunity to go paperless and distribute electronic copies of Forms 1095. Online Access enables your recipients to view and download their copies from our Secure Portal. This can be done anytime, from anywhere, all they will need is an internet connection.

Before the recipient can access the secure portal, they will need to provide consent in the form of their e-signature. The IRS requires this consent, therefore TaxBandits makes meeting this requirement easy and documents this for you. If any of your recipients decline electronic copies, you can easily opt them into postal mailing services so that they receive a paper copy.

Why Choose E-filing with TaxBandits

E-filing with TaxBandits streamlines the entire process, reducing the likelihood of errors commonly associated with manual filing methods. Our user-friendly platform ensures accurate data entry and a smooth submission process.

No TCC Needed: A Transmitter Control Code (TCC) is a code issued by the IRS to businesses wanting direct access to IRS systems for form submissions. Getting a TCC can take time, up to 45 days, and having one means your business must format all forms to meet the IRS Schema. With TaxBandits, businesses can e-file 1095-C effortlessly without needing a TCC! You provide the information to complete and generate the 1095 forms, and we take care of the rest.

Cost-Effective Solution: TaxBandits offers a cost-effective solution for E-filing ACA Form 1095-B and Form 1095-C. Purchase prepaid credits to take advantage of our volume-based pricing structure.

Efficient Bulk Uploads: Bringing your ACA 1095 information into TaxBandits is a straightforward option. Simply download the ACA 1095 Excel templates, fill the information and upload it.

Comprehensive IRS Compliance: The ACA reporting process can be one of the most challenging IRS filing requirements for many businesses. TaxBandits eases this stress by providing a straightforward filing method, instant updates on your forms’ status, solutions for distributing copies, and the flexibility to file corrections as needed in the future.

State Filing: Several states require ACA forms to be filed at the state level, this includes New Jersey, California, the District of Columbia, Rhode Island, and Massachusetts.

Beginning the Process with TaxBandits:

E-filing with TaxBandits is a straightforward process. Follow these steps to ensure you meet the March 1, 2024, deadline:

Create Your TaxBandits Account: If you haven’t already, sign up for a TaxBandits account. It’s quick and easy – not to mention free. You only pay for the forms you transmit and the services you select.

Enter the Required Information: Input the necessary details for ACA Form 1095-B/C, ensuring accuracy in your health coverage reporting. Remember, if you are filing a high number of forms we recommend bulk uploading!

Review and Confirm: Take a moment to review the information entered, double-checking for any errors or omissions.

E-file with Confidence: Once you’re satisfied, submit your forms electronically with confidence, knowing that TaxBandits will take care of the rest – and keep you informed along the way.

Keep the March 1, 2024, deadline from catching you off guard. E-file your ACA Form 1095-B/C efficiently and accurately with TaxBandits.

Stay compliant, avoid aca 1095 penalties, and ensure your recipients receive their copies. Create your free account today to experience the ease of electronic filing with TaxBandits.