IRS Notice AIRBR628 is sent to employers who have failed to submit Form 1094-C by the required deadline. This form is crucial for demonstrating compliance with the employer mandate under the Affordable Care Act (ACA).
Reasons Behind AIRBR628 Issuance
Employers may receive this notice for failing to meet the IRS deadline for the following reasons:
- Administrative oversight.
- Misunderstanding of filing requirements.
- Technical issues with electronic filing systems.
Consequences of Receiving AIRBR628
The consequences of a late submission can be significant, including:
- Monetary penalties that increase over time if the delay continues.
- Potential complications with ACA compliance status.
Steps to Address AIRBR628
If you receive Notice AIRBR628, you should:
- Confirm the deadline and assess the extent of the delay.
- Submit the required Form 1094-C immediately to minimize additional penalties.
- Review internal processes to ensure future compliance with submission deadlines.
Preventing Future Late Submissions
To avoid future instances of AIRBR628:
- Implement a compliance calendar that includes all critical IRS deadlines.
- Use tools like ACA-Track to automate reminders and submissions, ensuring deadlines are met without manual intervention.
- Regularly train HR and finance teams on the importance of timely ACA compliance.
