2018 ACA Information Returns Series 1 Volume 12
How-To Correct Information Returns (Part Three)
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The previous post in this series discussed how to correct and reissue 1095-C forms. Now we will consider how to create Electronic Correction Files and report them to the IRS.
Create Electronic Correction Files
Before you can generate electronic Correction files, you need to create a new 1094-C transaction. This is a simplified version of the form. Only the Contact Name, Phone Number, Total number of (corrected) Forms 1095-C, Title of Signer, and Date of Form need to be completed. The Authoritative Transmittal box should NOT be checked. The remainder of the 1094-C should be left blank.
Electronic correction files are generated in the same window as your Original and Replacement files. Select the Correction option and enter the Original Receipt ID of the files which received the Accepted with Errors status. Ensure the remaining fields are correct.
Create Your ACA Correction Report
When you click Preview, an ACA Correction Report will be created. This report shows the information that was initially reported to the IRS as well as the new information being reported.
Generate Correction Files & Submit to the IRS
Once you have confirmed the accuracy of all corrections being reported, click Generate. Then, follow the usual steps to upload the files to the same IRS e-Services website. Any errors found in your new Acknowledgment file do not require any further action on your part.
Our next – and last – post in this series will discuss paper filing 1094-C and 1095-C corrections along with the penalty and other letters you may receive from the IRS. Datatech is here to help our HRM Software users make the best use of their investment. If you have questions regarding any posts in this series, please call or email Datatech Support.
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