IRS Notice 1094C-033-01 is issued to employers when there appears to be an inaccurate count of full-time employees on their Form 1094-C. This notice can lead to compliance issues under the Affordable Care Act (ACA), potentially resulting in penalties if not addressed promptly. Impact of … [Read more...]

IRS Notice 1094C-032-01 alerts employers that there may be errors in the employee share of premiums reported on their Form 1094-C filings. This notice suggests discrepancies that could affect the affordability calculations under the Affordable Care Act (ACA). What Does This Notice Mean? This … [Read more...]

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...]