Good Faith Compliance Efforts and ACA 1095 Reporting

In prior years the IRS provided relief to employers who made a good faith effort to comply with the information reporting requirements and determined that they would not be subject to penalties for filing incomplete or incorrect information. As long as the forms were filed by the deadline and a reasonable attempt was made to ensure the accuracy of the information provided, the filing requirements were considered to have been met.

For 2017, the IRS has not yet indicated that the “good faith compliance efforts” relating to reporting requirements will apply.  Therefore, we encourage employers to complete the reporting requirements for tax year 2017 with a high degree of accuracy. There will still be relief for minor errors on Line 15 of the 1095-C as long as the filer performs due diligence in determining the amounts reported.

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