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Managing ACA IRS filings ft. Matt Scott
Manage episode 335542492 series 3370852
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How long does the IRS notify companies about possible penalties? ETC Companies Director of Sales Matt Scott knows the timeline and the exact ways to prevent and reduce them.
Serving clients in Houston, Texas and beyond, ETC Companies assists employers in their ACA IRS filing. While the IRS’ response can lead up to two years from the filing date, every information that a company provides is crucial. Matt stresses the importance of data and indicator codes. These will determine whether or not the company has complied with their provisions.
To prevent or reduce penalties, the business has to be specific in their reports. They also need to archive their company records because these can be the best defense against miscalculated penalties. Matt shares more of the process in this episode.
Resources:
ETC Companies: www.eligibilitytrackingcalculators.com
Email: matt@etctracking.com
Connect with First Staff Benefits on Linked In: https://bit.ly/3RmwWla
Visit First Staff Benefits’ Official Website: www.firststaffbenefits.com
In This Episode
0:00 Introduction
1:50 Two Equal Aspects to ACA Compliance
2:36 IRS Reporting
4:00 Timing of Penalties
8:10 Time Period of Potential Issues
10:28 Reducing Penalties
12:10 Role of ACA
14:51 Understanding ACA
16:17 Benefits of an Excellent Team
19:22 Prospecting Tool
22:12 Connect with Matt
22:58 Get To Know More About Matt
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