Reminder: The AIR System will be shutdown to prepare for the 2021 filing season on Sunday, December 6, 2020. It will start-up again Thursday, January 14, 2021.
Time to get ready for ACA Information Returns.
Paper Filing Deadline
If you are filing ACA forms by paper, you must file before February 28, 2021.
Recipient Copy Deadline
IRS extends due date for furnishing ACA Form 1095-C to employees from January 31, 2021 to March 02, 2021.
Electronic Filing Deadline
1095-C Forms must be e-filed with the IRS by March 31, 2021.
Note: Some STATES have mandated reporting ACA Forms with the State agencies. Be sure to check the requirements of your state.
Prepare for ACA 1095-C Returns Now
It is important to start reviewing your records now. You need to review your
- Category Settings
- Lookback Method Settings
- Medical Plan Settings
- Employee Records
Not sure how to do that? Our ACA Information Returns Guide will walk you through this process in Section 1.
Compile 1095-C Information
Next, you will need to compile your 1095-C information. Yes, you will be able to re-compile this information at the end of the year. Compiling now allows you to correct errors and find missing information BEFORE you are trying to file.
For instructions on this, go to Section 2 of the ACA Information Returns Guide.
Use the 1095-C reports to review the information that has been compiled.
Review & Edit Forms 1095-C
Finally, review and edit Forms 1095-C before it is time to file. Use the information you compiled to find errors and missing information. Find step-by-step instructions on reviewing and editing these forms in Section 3 of the ACA Information Returns Guide.
Questions & Changes
The more you get done now, the less stress you will have in January and February. Please review the ACA Information Returns Guide if you have questions about preparing, compiling, or reviewing your 1095-C information.
If you still have questions, you can reach out to our HR Support department.
There will be a few additions and adjustments to the 2020 Form 1095-C. These will be released in the year end update.