IRS Code 1094C-042-01 is issued when there are discrepancies in the number of employees reported by an employer on Form 1094-C. This error can have significant implications for compliance with the Affordable Care Act (ACA). Significance of Accurate Employee Count Accurate reporting of employee … [Read more...]

IRS Code 1094C-041-02 is sent to employers who report an incorrect amount for the employee share of the lowest cost monthly premium. This figure is vital for assessing whether an employer's health coverage is affordable under the Affordable Care Act (ACA). Impact of Reporting Incorrect … [Read more...]

IRS Code 1094C-040-01 is issued when there is an absence of data regarding the employee share of the lowest cost monthly premium, which is essential for determining ACA compliance regarding affordability. Importance of Reporting the Employee Share The employee share of the lowest cost monthly … [Read more...]

IRS Code 1094C-038-03 addresses errors related to the Offer of Coverage Code reported on Form 1094-C. This code plays a crucial role in indicating the type of health insurance coverage offered to employees and is vital for complying with the Affordable Care Act (ACA) mandates. Significance of … [Read more...]

IRS Notice 1094C-037 is issued to employers who either failed to file Form 1094-C or filed it incorrectly. This notice is a serious reminder of the compliance requirements under the Affordable Care Act (ACA) and can result in penalties if not addressed properly. Understanding Notice … [Read more...]