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Wednesday, November 9, 2016

ACA Testing for 2016

The IRS has advised us that the testing period for information reporting opened on November 7th, 2016.  Recall that before any software vendor can get approved for submitting information reports via e-filing, you must under a round of testing where you submit test data to determine if your software can generate properly formatted XML data.

Since ACA 1095 Reporting was approved for the 2015 year, we are automatically approved for 2016; however, we will be submitting test data to the IRS to ensure compliance with some changes that the IRS made to the formatting of the XML data.

We anticipate no issues and will be ready to e-file as soon as the IRS informs us that they are ready to accept e-filed data.  Unlike the initial filing year (2015) when the IRS encountered problems getting their system ready to accept data, we believe that e-filing will begin shortly after the end of 2016.

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