IRS Notice AIRBR841 is issued to employers who have not submitted their Form 1094-C by the required deadline. Timely submission of this form is crucial as it helps the IRS determine compliance with the employer shared responsibility provisions under the Affordable Care Act (ACA).
Impact of Late Submission
Late submission of Form 1094-C can lead to several adverse effects, including:
- Potential penalties for failing to meet the IRS filing deadline.
- Delayed confirmation of ACA compliance, which could affect the employer’s ability to contest any discrepancies.
Responding to Notice AIRBR841
If you receive a Notice AIRBR841, it is important to take immediate action:
- Submit the overdue Form 1094-C as soon as possible.
- Contact the IRS to explain the delay, which may help in mitigating potential penalties.
- Review internal processes to ensure future compliance with submission deadlines.
Preventive Measures
To prevent late submissions of Form 1094-C in the future:
- Set reminders well in advance of the IRS deadlines for ACA reporting.
- Use compliance software like ACA-Track that features deadline alerts and automatic submission capabilities.
- Regularly train HR and payroll staff on the importance of ACA compliance and the specific timelines for IRS reporting.
For more guidance on ACA compliance and effective management of IRS reporting, visit ACA-Track Service Descriptions.
