IRS Notice AIRBR627 alerts employers that their Form 1094-C submission contained data errors. This form serves as the transmittal document for Form 1095-C and plays a crucial role in complying with the employer mandate under the Affordable Care Act (ACA).
Common Causes for AIRBR627
Errors that might trigger Notice AIRBR627 include:
- Incorrectly reported employee counts.
- Data mismatches between Forms 1094-C and 1095-C.
- Inaccurate coding of coverage offers.
Implications of Receiving AIRBR627
The issuance of Notice AIRBR627 can have serious repercussions for an employer, such as:
- Potential penalties associated with ACA non-compliance.
- The necessity for additional administrative work to correct and resubmit forms.
- Possible delays in processing which could affect overall compliance status.
Effective Responses to AIRBR627
Employers should take immediate action upon receiving this notice:
- Review the specific errors cited in AIRBR627.
- Correct any inaccuracies on the Form 1094-C and any related forms.
- Resubmit the corrected forms to the IRS to mitigate further compliance issues.
How to Prevent AIRBR627 Notices
To reduce the risk of future errors and subsequent notices:
- Implement robust data verification processes before submitting ACA forms.
- Utilize ACA-Track, which offers comprehensive error checking and validation features to ensure accuracy prior to submission.
- Stay informed about the latest IRS updates and ACA requirements to maintain compliance.
