ACA Compliance Responding to IRS Letter 5699

September 2018 | Article

The IRS has started sending out Letter 5699 asking various businesses to verify if they should have filed Forms 1094/1095-C.  These forms are required for all ALEs (Applicable Large Employers) starting in 2015.  Failing to file these forms could cause companies to be assessed significant penalties. IRS Letter 5699 instructs the business they must respond to the IRS within 30 days and specify one of the following:

  1. I am subject to the employer mandate and already filed the forms.
  2. I am subject to employer mandate, did not file, but am including paper copies of the forms that should have been filed.
  3. I am subject to the employer mandate, did not file, but will file the forms electronically within 90 days of the date of this letter.
  4. I was not subject to the employer mandate for the year in question.

It is important for any business that receives IRS Letter 5699 to respond to the IRS within the allotted timeframe, with the appropriate information. If you have questions on complying with IRS Letter 5699, or other questions related to ACA compliance or notices, contact your Eide Bailly professional or a member of our Health Care Reform team today.

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