Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 and 6056 should prepare to comply with reporting deadlines for calendar year 2024 using the chart below. In general, self-insuring employers are subject to Section 6055, and applicable large employers or ALEs (those with 50 or more full-time employees during the prior calendar year) are subject to Section 6056. There are no reporting obligations for non-ALEs without a plan or non-ALEs with fully insured plans (as the carrier will complete Section 6055 reporting).
Reporting Deadlines
The ACA Reporting Deadlines and Penalties Cheat Sheet provides the ACA reporting due dates for 2024 calendar year reporting.
Adjusted Reporting Penalties
The ACA Reporting Deadlines and Penalties Cheat Sheet also provides the different types of penalties that can apply for 2024 returns and individual statements that are filed and furnished in 2025. A reporting entity that fails to comply with the ACA reporting requirements may be subject to the general reporting penalties for:
- Failure to file correct information returns (under Code Section 6721); and
- Failure to furnish correct payee statements (under Code Section 6722).
However, penalties may be waived if the failure is due to reasonable cause and not willful neglect. Penalties may also be reduced if the reporting entity corrects the failure within a certain period of time, as shown below.
This article is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice. ©2025 Zywave, Inc. All rights reserved.
