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Ascertain the data gaps using the optimal IRS penalty reduction services

 For complying with the IRS protocols, the US Federal Government certifies the IRS or Internal Revenue Service to dispatch the vital Letter 226J as a legal notice to all the ALEs or Applicable Large Employers. This letter is directed to those employers failing to abide by the necessities of the Employer Mandate Provisions under the ACA or Affordable Care Act for the 2015 and 2016 taxable years.  Such awful Letter 226-J from the IRS penalty reduction services needs to be presented to the IRS with the ACA stipulated penalty within a month. In this context, it will be sensible for the ALEs to hire highly adept and licensed ACA Compliance professionals for addressing appropriately the IRS Penalty Reduction Service by simplifying the operational gaps.  What Are The Varied Kinds Of IRS Penalties Charged For Non-Compliance Issues By ALEs? According to the ACA protocols, there are two prime ACA employer mandate forfeiture, namely Penalty A and B. In this context, the Penalty A or the ‘Sledge

ACA late filing services- Know about the penalties for not filing Form 5500 on time

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The Form 5500, Annual Return/Report of Employee Benefit Plan to be filed with the Department of Labor (DOL), is used to know about the company’s employee benefit plans. The Form contains information such as the investments, financial conditions, operations, and conditions of the plan. Any administrator or sponsor of an employee benefit plan who fails to inform the DOL about each benefit plan every year before the due date will be liable to pay a penalty imposed by the DOL. Read on to know the DOL penalty for late filing Form 5500 and how ACA Compliance Solutions Services, Inc. can help you in preparing for all the ACA late filing services . The Maximum Penalty Currently, the DOL can impose a maximum penalty of $2,140 per day after the due date on which Form 5500 should have been filed (which is seven months after the finish of the plan year except if an application for extension is filed by that date). Initially, the penalty was only $1,100 per day, but it changed after July 2016. The

Missed ACA past years’ 1094/1095 filing? Act immediately to meet the IRS compliance requirements!

  Have you missed out ACA past year’s 1094/1095 filing as you were tied up with other professional commitments? Besides, time-consuming, it is a cumbersome task also! The procedure of 1094/1095 ACA filing to IRS as well as notifying your employees of their affordability, benefits, and eligibility require much time and effort. ACA compliance is still very much alive and ignoring it will prove extremely expensive. ACA Compliance Solution Services are aware of the penalty criteria and the ACA court appeal decision.   Henceforth, knowing all the aspects of ACA compliances, we are a reliable platform to relieve you from this arduous administrative task in a hassle-free way! What is the 1094/1095 form & who are need to file it? Applicable Large Employers with 50 or more full-time and equivalent employees need to file certain information with the IRS (Internal Revenue Service) as a concrete demonstration on what benefits they have offered to their employees the previous year. These