Easy 1095-C Fulfillment and IRS Electronic Filing
Under the Affordable Care Act (ACA), some large employers are required to submit information returns to the IRS reporting what kind of health insurance, if any, they offered their employees. If you maint an average of at least 50 full-time employees, you will need to file Forms 1095-C and 1094-C in order to maintain compliance with the ACA and avoid hefty penalties.
When filing the required forms, you may have the option to choose whether to file electronically or on paper. Making the right choice for your business can save you time and money. At SyncStream, we offer a complete ACA electronic filing solution so you can fulfill the reporting requirement with ease.
SyncStream's Electronic Filing Services
If you've decided to embrace e-filing when reporting health coverage information to the IRS, consider making the task easier by working with SyncStream. Our cloud-based solution simplifies the reporting process by consolidating the information you need and automatically populating forms in preparation for electronic filing.
Do I Need to Complete E-Filing?
The ACA requires all companies filing more than 250 information returns during the calendar year to file electronically. Each Form 1095-C counts as a separate return. If you are filing fewer than 250 returns, you can choose either e-filing or paper filing depending on your preference.
Some businesses prefer filing with the IRS using the paper filing method. However, electronic filing comes with numerous benefits, especially when you take advantage of professional ACA e-filing services:
- More time to file: Filing electronically gives you more time to work on your returns. The ACA e-file deadline falls on March 31 annually. If you were to file on paper, your forms would need to be postmarked weeks earlier, by February 28.
- Streamlined data entry: E-filing can prevent you from making errors in your return by simplifying data entry. Some ACA e-filing solutions can even populate Forms 1094-C and 1095-C automatically to save you time and increase accuracy.
- Submission status tracking: When you choose to e-file ACA-required documents, you can check the status of your submission immediately. This capability allows you to make corrections sooner and relax once you know the IRS has accepted your return.
Advantages of ACA Electronic Filing
At SyncStream, our ACA e-filing services make reporting easy. Our solution populates the forms you need using the information you provide to reduce errors and streamline data entry. Using our solution, you can edit and preview 1094-B, 1094-C, 1095-B and 1095-C forms. After checking for accuracy, you can transmit your return directly to the IRS or print and mail forms with a single click.
After you've filed your return, you can use our ACA e-filing services to monitor your return's status. You can also make corrections in the e-filing process as needed. Our dedicated support team can assist you throughout the process, helping you meet your filing deadline and achieve compliance.
Contact SyncStream to Learn More
At SyncStream, we have a customer satisfaction rating of over 95%. To find out how our e-filing solution could transform your company's ACA reporting, reach out to us online today.