Watch this 2 - minute video.
Navigating ACA reporting requirements can be tricky, especially when you’re unsure how mistakes are penalized. This video dives into the critical distinctions between unintentional errors and intentional noncompliance under ACA regulations in 2024.
ACA Compliance Penalties: Are Honest Mistakes Treated Differently?
Key Takeaways from Liliana Salazar
- Honest mistakes are no longer excused under good faith compliance.
- You have a 30-day correction window after filing to avoid severe penalties.
- Partnering with trusted vendors is vital for ensuring accuracy.
- Thorough review of your ACA forms (1095-Cs and 1094s) is essential, even if you use technology.
Don’t Risk Penalties: Learn ACA Best Practices
Click the link below and watch the full webinar for step-by-step insights, including how to stay compliant and ensure your forms are error-free.
This video is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Viewers should contact legal counsel for legal advice.
Topics:
