IRS Notice 1094C-031-01 is sent to employers who are suspected of not offering health plans that meet the minimum value standard set by the Affordable Care Act (ACA). This notice signifies the IRS's intention to assess penalties unless the employer can demonstrate compliance. Understanding the … [Read more...]

Employers who fail to comply with the health coverage requirements under the Affordable Care Act (ACA) may receive Notice 1094C-030-01, indicating a proposed penalty related to Employer Shared Responsibility Payment (ESRP). This notice is critical for employers as it outlines potential fines due to … [Read more...]

IRS Code 1094C-029 concerns the misreporting of employee status on Form 1094-C, which can impact an employer's compliance with the Affordable Care Act (ACA) and potentially result in penalties. Importance of Accurate Employee Status Reporting Correctly reporting employee status is crucial … [Read more...]

IRS Code 1094C-028 is triggered when there is an error in the reported total employee count on Form 1094-C. This is a critical aspect of ACA reporting as it affects an employer’s assessment for ACA compliance and potential liabilities. Impact of Incorrect Total Employee Count Accurate … [Read more...]

IRS Code 1094C-027 is generated when an employer erroneously reports zero employees on Form 1094-C. This mistake can lead to significant compliance issues under the Affordable Care Act (ACA), potentially affecting the employer's obligation and liability. Consequences of Reporting Zero Employees … [Read more...]