The IRS has stated that penalties for noncompliance with the Employer Shared Responsibility Tax have no statute of limitations on when the IRS can impose them. This means that employers are never “safe” or “out of the woods” from receiving penalty letters, even from the very first reporting season, which happened in the spring of 2016.
With SyncStream Managing Your Past Year's Filings:
Meet Past Year's Requirements: Not all past years are calculated the same with the IRS. Each year there are calculations for that specific year that are related to affordability.
Simplified Data Upload: The rules of robust system and I-sync allow your data to be properly vetted and a possibility to mitigate your penalties.
Jessica McGee | AJG Client Manager
Letter 5699, Is issued to inform an Applicable Large Employers (ALE) for the Missing Information on Return Form 1094/1095-C for not being compliant with the ACA Reporting under section 6056 .
The IRS is using this letter to make initial contact with an organization that the IRS believes may have been an Applicable Large Employers (ALE), and therefore required to file information returns under the Affordable Care Act (ACA). IRS identifies the noncompliant ALEs based on their W-2 forms reported for the calendar year.
Connect With SyncStream's Team of ACA Experts To Assist In Your Past Year Filings
Thank you for your interest. SyncStream Solutions is now HRlogics ACA. Look out for an email from our team from an hrlogics.com domain.
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