Our understanding is that the companies must submit corrections for “Accepted with Errors” within a “reasonable” period of time. “Rejected” should be replaced within 60 days. The following links are for webinars for filing year 2016. There are no updates about this for 2017, 2018, 2019 and 2020.
Once the information returns have been filed with the IRS, you´re expected to file any corrections as soon as possible. The filer should file a correction when it obtains the TIN (SSN) or the date of birth if the TIN is not provided.
Question #2: When are corrections required to be submitted?
IRS Response #2: As soon as possible after you discover that inaccurate information was submitted and you get the correct information.
Question #3: Are we required to submit corrections by the due date of the return?
IRS Response #3: No.
Question #12: What happens if a filer does not submit a replacement file within the allowable 60 day window?
IRS Response #12: When a replacement file is submitted within 60 days from the original transmission date, the file will be treated as filed on the date of original submission. If a replacement file is submitted after the 60 day period, the file will be treated as filed on the date the replacement file is submitted. For ACA Information Returns, if the original transmission date is on or before June 30, 2019, the replacement file should be submitted no later than 60 days after the original transmission date.
Questions / Resources
If you have questions or comments please email Support@integrity-data.com.
If you would like to search for information and resources for Integrity Data products check out the following sites:
- Knowledge Base: https://www.integrity-data.com/hrp/knowledge-base/
- Videos: https://www.integrity-data.com/hrp/videos/
Last Review: 5/8/2020 – Revision: 2.0
Applies To: ACA Compliance Solution
Categories: Year End – 1095-C and Filing, Year End – Prerequisites
Key Words: Errors, Rejected