Meeting the ACA Form 1095-B/C Reporting Deadline for 2023- Updated November 02, 2022 - 8.00 AM by Admin, ACAwise
Employers are responsible for filing ACA Form 1095-B/C to report the employees’ health insurance coverage information to the IRS.
It is also mandatory for the employers to file the ACA Forms annually with the IRS and the States and furnish the Form copies to the employees before the deadline to avoid unwanted IRS penalties.
ACA Form 1095-B/C Deadlines
Note: The IRS released proposed regulations that would permanently extend the Form 1095-B/C recipient copy deadline by 30 days (i.e., For the 2021 tax year, the furnishing deadline will be extended from January 31, 2022, to March 02, 2022).
Electronic Filing Deadline
The 1095-B / 1095-C Forms need to be e-filed with the IRS on or before March 31, 2023.
Let us E-file for you with both the Federal and the State!Sign Up Now
State Filing Deadlines
Few states mandate the reporting of ACA Forms with the State agencies. The deadlines are mentioned below:
|District of Columbia||April 30|
|New Jersey||March 31|
|Rhode Island||March 31|
In addition to the IRS e-filing, ACAwise also takes care of State e-filing. Send us your requirements to [email protected] or contact us at (704)-954-8420. Know more about our state e-filing services.
Late Filing Penalties for ACA Forms
If you miss filing the ACA Forms to the IRS before the deadline, the IRS will penalize you for the late filing.
The ACA penalty for late filing would range from $50-$530 per Form, depending on how late you are submitting the Forms to the IRS, and it keeps increasing each day.
Frequently Asked Questions about ACA Reporting Deadline
Q. What has changed for the 2022 Tax Year?
In the month of October, the IRS released a final version of Form 1095-C and Form 1095-B which confirms that the IRS has not added any new changes in both the ACA forms. It looks similar to previous year reporting Forms.
Last year, the IRS added two new ACA codes (1T to 1U) to be entered on Line 14, Offer of Coverage, that refers specifically to the ICHRA. Click here to learn more about the ACA Reporting Requirements for 2023.
Q. When is the due date for paper filing 2022 ACA Forms 1094 and 1095-B/C?
February 28, 2023, is the paper filing deadline for the 2022 Tax Year. IRS mandates electronic filing for those who are reporting more than 10 Forms.
Q. Will you mail the Form 1095 to my employees?
Yes. ACAwise will print & mail the 1095 Form copy to your employees on-time. Before sending the copy, ACAwise will validate the employees’ addresses using USPS validation.
See How ACAwise can simplify your ACA Reporting
Since the IRS’s establishment of the Affordable Care Act, ACAwise has filed over 5.3 million Forms for over 7,000 businesses across different industry segments.
With our Comprehensive ACA reporting software, we help businesses stay ACA compliant and avoid unwanted IRS penalties!
- ACA Code Generation (Line 14, & 16)
- Form 1094-B/C and 1095-B/C Generation
- IRS E-Filing through IRS AIR System
- State E-filing
- Postal Mailing of Employee Copies