Benefits to Electronic Filing Forms 1095-B and 1095-C
Some of the key advantages to electronic filing include:
Proof of Submission. You upload the manifest and data files electronically to the IRS and will receive a Receipt ID and date/time stamp
as to when you uploaded. You can log into the IRS website and check your file status. The submission status and Receipt ID is
proof that your organization submitted their ACA filings for a particular reporting year and confirms the date and time
you transmitted your data.
Timely Results. Filing electronically provides results within a few days.
XML Schema Validation. Our 1099FIRE software will create the XML for electronic filing and then cross-check
the XML created against the schema provided by the IRS. The software will find any and all schema validation errors before
you file.
Corrections. Our 1099FIRE software can file 1094-C, 1095-B and 1095-C corrections. The software has an easy
way to import in your error report from the IRS along with the original excel file that you used to generate corrections
for 1095-B and 1095-C data. You can then update and transmit just those corrected records electronically to the IRS.
State Filing. Massachusetts, New Jersey, Rhode Island, California and the District of Columbia require you to submit
ACA data to them electronically. One excel file is used to import data into the software which will then generate the federal
and all state filing requirements.