Author: ADP Admin/Thursday, December 29, 2022/Categories: Bulletin News
If you are an Applicable Large Employer (ALE)*, your business could face significant IRS assessments if your Affordable Care Act (ACA) reporting forms 1095-C for the 2022 reporting year are not timely distributed to your full-time employees. Failure to timely distribute the forms 1095-C to your employees may subject your business to potential IRS assessments. Please review and acknowledge your filing in the ACA Reporting Tool by January 31, 2023 so that we can timely distribute the forms to your full-time employees.
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* The IRS defines an Applicable Large Employer (ALE) as an employer with an average of at least 50 full-time employees (including full-time equivalents) in the prior calendar year (2021). The ACA requires ALEs to provide an annual form 1095-C to each full-time employee regarding healthcare coverage offered by the ALE. That form must also be filed with the IRS.
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