Insights: Article

ACA Compliance Responding to IRS Letter 5699

By Tonya Rule

September 19, 2018

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.

Latest Insights

November 5, 2018
There are many forms individuals and businesses need to consider as they work to comply with the ACA. Receiving and completing the appropriate form at the right time is key.
October 8, 2018
This insight outlines some key considerations as you work to avoid costly ACA penalties.
October 1, 2018
Complying with the ACA is important. Employers face steep penalties for non-compliance. The following outlines penalties as noted on
September 24, 2018
Since the Affordable Care Act became reality, businesses have been scrambling to figure out what compliance looks like and how best to comply.
September 17, 2018
When an IRS Letter 226J is received, it is important to respond timely and with accurate information to eliminate, abate or reduce IRS calculated penalties
December 29, 2017
The IRS announced that they will be extending the 2018 due date for employers and providers to distribute 2017 individual health coverage forms. The original due date for insurers, applicable employers and other such coverage providers to issue…
Find A Location