ACA Reporting Program
ACA Elevate – 6055 & 6056 Reporting
The Affordable Care Act (ACA) imposes demanding information reporting responsibilities on employers in the 2020 calendar year. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C). The filing requirements are based on an employer’s health plan and number of employees. Inability to file or report correctly will result in numerous and expensive fines for employers.
For more information or to speak with a sales consultant call 800.444.1922 x 3 or visit basiconline.com.