ACA Core is a specialized service designed to assist employers in efficiently managing their Affordable Care Act (ACA) reporting obligations. By leveraging ACA Core, organizations can streamline the preparation and electronic filing of Forms 1094 and 1095-B/C, ensuring compliance with IRS requirements.
Key Features and Functionality:
- Data Handling: Securely upload employee data, including ACA codes, using ACAwise templates or custom formats.
- Data Validation: Conduct thorough validations against IRS business rules and XML schemas, with optional TIN matching and USPS address verification.
- Form Generation: Automatically generate accurate 1094 and 1095 forms based on validated data.
- Review and Approval: Facilitate a streamlined process for reviewing and approving forms prior to submission.
- IRS E-Filing: Transmit forms directly to the IRS via the IRS AIR system.
- State E-Filing: Support e-filing with required state agencies, including New Jersey and the District of Columbia.
- Employee Copy Distribution: Offer options for distributing 1095 copies to employees through postal mail or a secure online portal.
- Corrections and Amendments: Assist in correcting errors and retransmitting forms to the IRS as needed.
Primary Value and Solutions Provided:
ACA Core simplifies the complex process of ACA compliance by automating data handling, validation, form generation, and filing procedures. This comprehensive approach reduces the administrative burden on employers, minimizes the risk of errors, and ensures timely compliance with federal and state regulations. By utilizing ACA Core, organizations can confidently meet their ACA reporting requirements, avoid potential penalties, and focus on their core business operations.