The IRS changed the ACA filing requirements for the 2023 tax year. Starting in 2024, employers who are required to file 10 or more of any tax form must send Forms 1095 to the IRS electronically. Previously, an employer was required to file electronically only if they had 250 or more Form 1095 returns.
The 10-or-more requirement is determined based on the total number of forms the employer must file with the IRS for the year, including Form 1095, Form 1094, along with other information returns such as Form W-2, Form 1099 and income tax and excise tax returns. Employers who can prove undue hardship for the electronic transmission may seek a waiver from the IRS. Cost is a consideration in the waiver application.
BAS uses the IRS electronic AIR filing system to transmit all ACA forms, regardless of number. If you use BAS for your ACA data collection and reporting, you can rest assured that BAS follows the 10-form electronic filing threshold for your organization. If you would like information about BAS’ ACA services, contact your account manager or solutions@basusa.com.
