IRS Penalty 1094C-001-01 is assessed when employers submit Form 1094-C with an incorrect Employer Identification Number (EIN). This error can lead to misidentification and improper processing of employer health coverage information under the Affordable Care Act (ACA). Implications of Incorrect EIN … [Read more...]

IRS Notice AIRTN500 is issued when the Transmitter Control Code (TCC) is missing from Form 1094-C submissions. The TCC is essential for electronic filing, serving as a unique identifier for the transmitter of the tax information to the IRS. Importance of the Transmitter Control Code The … [Read more...]

IRS Form Code AIREX126 pertains to exemptions granted for not filing Form 1094-C under specific circumstances. This code is crucial for employers who qualify for exemptions from the usual reporting requirements under the Affordable Care Act (ACA). Criteria for AIREX126 Exemption To qualify for an … [Read more...]

IRS Notice AIRBR902 is sent to employers who submit Form 1094-C without the required signature. The signature on Form 1094-C is critical as it certifies the accuracy of the information provided to the IRS and confirms the employer’s acknowledgment of their reporting responsibilities under the … [Read more...]

IRS Notice AIRBR853 is sent to employers who fail to file Form 1094-C, the transmittal form for Form 1095-C, which is required under the provisions of the Affordable Care Act (ACA). This form is critical as it provides a summary of health coverage provided to employees and confirms the employer’s … [Read more...]