If you are an Applicable Large Employer and approved ACA reporting by Feb. 21, 2024, transmission of your 2023 ACA filings is complete! ACA Reporting is filed under your unique FEIN. After transmission to the IRS, it is possible for your filing to come back with a status of “Accepted with Errors”. In most cases, these can be resolved by transmitting a correction to the IRS.
The IRS will require all forms with errors to be addressed before April 1, 2024. If not resolved, or resolved late, you may be assessed penalties from the IRS. The most common error found on Form 1095-C is 1095C-010-01 – an employee name and Social Security Number mismatch.