November 2024
Author: ADP Admin/Tuesday, October 31, 2023/Categories: Bulletin News
After you’ve acknowledged your reporting, ADP TotalSource® will:
· Make any necessary updates to your Forms 1095-C and 1094-C based on year-end payroll and benefits data.
· Furnish the 1095-C forms to your employees.
· Transmit the required information directly to the IRS on your behalf under your unique company FEIN.
To assist with your review, please see the following resources below:
· ACA Reporting Tool (ART) Data Entry Guide
· Forms 1095-C Coding Guide
· Insights & Solutions Newsletter
If you do not want your Forms 1095-C and 1094-C to be automatically acknowledged and sent to the IRS, you must select the “I do not authorize” radial button in ART prior to Jan. 31, 2024, to ensure reporting is not completed.
As the ACA reporting deadline gets closer, we will keep you informed and provide you with the support needed to ease your compliance burden and avoid costly penalties.
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