The Internal Revenue Service has been sending Letter 5699 to employers that are not compliant with the Affordable Care Act (ACA) reporting requirements for the 2015 calendar year. This letter requests missing information from Applicable Large Employers (ALEs) that failed to file Forms 1094-C and 1095-C. Employers who receive this letter should respond in the appropriate time frame with all appropriate information. Potential penalties for failing to file with the IRS are outlined in the article. Additionally, this “ACA Compliance Bulletin” summarizes background and actions steps.
Contact your Cowden representative for more information on this or other compliance issues.