November 2024

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ACA Client Acknowledgment: Take Action NOW and Avoid Penalties

12/1/16

Author: TJaeger2/Tuesday, November 29, 2016/Categories: Bulletin News, Compliance Corner , Federal Compliance Update

If you are an Applicable Large Employer (ALE), your business could be in jeopardy of facing significant financial penalties if you have not approved your 1094-C and 1095-C Forms through My TotalSource.  Failure to approve the required 1094-C and 1095-C Forms may  subject your business to possible financial penalties, as your 1095-C Forms may not be distributed to your full-time employees prior to the IRS deadline.

 

As your compliance partner, ADP TotalSource offers you opportunities to take action and assist us in filing and distributing the required forms on your behalf. We encourage you to take action NOW to avoid potential penalties.  Penalties associated with failing to provide a 1095-C Form or providing one after the IRS deadline can be as high as $260 per form.

 

Action Needed on Your Part:

 

1.) Log-in as an Administrator on My TotalSource.

2.) Click on “2016 ACA Reporting Tool (ART)” on the homepage.

3.) Review and complete data on all screens and tabs.

4.) Authorize ADP TotalSource to submit reports on your behalf.

 

For more information and resources about the Affordable Care Act (ACA), visit totalsourceaca.adp.com.

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