The IRS is now enforcing ACA compliance, and the fines are substantial. ACA Audit analyzes your filing data, identifies potential liabilities, calculates potential fines, before your file. Post filing our solutions helps prepare a response for IRS penalty letter 226J. Get your ACA compliance under control with ACA Audit.
How does ACA Audit work?
The ACA Audit analyzes your 1095-C filing data & identifies any threat to yourorganization by evaluating each potential liability and forecasting any future penalties.
- Intelligent import runs proprietary business logic that flags IRS filing for potential penalty risk
- Estimates 4980H(a) and 4980H(b) penalty calculations
- Handles multiple year filings
- Provides PDF/Excel data upload capabilities
How does ACA Audit help you respond to IRS penalty letters?
The ACA Audit applies business analytics to 1094 & 1095 source data which identifies penalty triggers and provides a template that assists in responding to the IRS.
- Generates ACA liability assessment report and response collateral
- Analyzes employer data to identify penalty origin
Understanding Penalties for ACA Non-Compliance
Under the Affordable Care Act (ACA), applicable large employers (ALEs) across the United States must offer affordable health insurance options to their full-time employees. An ALE is any company that employs an average of at least 50 full-time workers. To enforce the legislation, the federal government fines companies that fail to provide affordable health plans or meet reporting requirements. These penalties can become quite costly, so it's important to do everything you can to achieve IRS ACA compliance.
Avoid Penalties With SyncStream's Solutions
At SyncStream, we have developed an easy-to-use, cloud-based solution to help companies avoid ACA reporting penalties. Our solution organizes the data you need and automatically populates 1094 and 1095 forms to prevent errors and make meeting deadlines easier. With our full-service option, you can receive support throughout the filing process. Our ACA Audit solution assists companies with their IRS penalties. Our ACA Audit determines your business's compliance by analyzing filing data and assessing liabilities and expected penalties. Find out how SyncStream's solutions could help you achieve ACA compliance by contacting us online today.