Simplify ACA Reporting with Our Affordable and Accurate Solution
The IRS has updated ACA filing requirements for the 2023 tax year, impacting how employers submit Forms 1095. Beginning this year, employers with 10 or more of any tax form must electronically send Forms 1095 to the IRS. This marks a departure from the previous electronic filing threshold, where electronic filing was mandated only for employers with 250 or more Form 1095 returns.
The 10-or-more criterion is determined by aggregating all forms required for filing with the IRS, encompassing not just Form 1095 but also Form 1094 and other information returns like W-2s, 1099s, and income and excise tax returns. Employers facing undue hardship in electronic transmission may apply for a waiver from the IRS, though cost factors into the waiver request.
BAS uses the IRS electronic AIR filing system to transmit all ACA forms, irrespective of quantity. Employers using BAS for ACA data collection and reporting can be confident that BAS will help you meet your electronic filing obligations. For details on BAS' comprehensive ACA services, contact your account manager or email solutions@basusa.com. Stay compliant and informed with BAS as your trusted ACA partner.
Benefit Allocation Systems (BAS) provides best-in-class, online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 can Integrate with any insurance carrier for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and many others), and integrate with any payroll system for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and many others).
