IRS Code 1094C-013-01 pertains to errors in the Aggregated Group Indicator on Form 1094-C. This indicator is crucial for employers who are part of an aggregated group, as it affects how the IRS evaluates compliance with the Affordable Care Act (ACA). Importance of Accurate Aggregated Group … [Read more...]

IRS Code 1094C-010-01 addresses errors related to the Authoritative Transmittal Indicator on Form 1094-C. This indicator is crucial as it signifies whether the form is the authoritative transmittal for the employer, which is essential for accurate IRS processing under the Affordable Care Act … [Read more...]

IRS Code 1094C-009-01 is triggered when the information regarding the transmitter on Form 1094-C is incomplete, potentially leading to issues with form processing and compliance under the Affordable Care Act (ACA). Importance of Complete Transmitter Information Complete transmitter information … [Read more...]

IRS Code 1094C-008-02 addresses discrepancies in the number of Form 1095-C reported on Form 1094-C. This error can complicate compliance with the Affordable Care Act (ACA) by misrepresenting the actual coverage offered to employees. Consequences of Reporting Incorrect 1095-C Counts Incorrect … [Read more...]

IRS Penalty 1094C-005-01 is levied when Form 1094-C is submitted without the required authorized signature. This signature is a crucial component of the form, verifying the accuracy and authenticity of the information provided to the IRS under the provisions of the Affordable Care Act … [Read more...]