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...]

IRS Penalty 1094C-004-01 is assessed against employers who submit Form 1094-C with the wrong tax year indicated. This error can lead to significant confusion and delay the processing of essential ACA-related information. Importance of Correct Tax Year Reporting Accurately reporting the tax year on … [Read more...]

IRS Penalty 1094C-002-01 is imposed on employers who fail to file Form 1094-C by the prescribed deadline. Timely filing of this form is crucial as it accompanies Form 1095-C, providing the IRS with essential information regarding health coverage offered to employees under the Affordable Care Act … [Read more...]