What is the penalty for not filing 1095-C?
634 views |Last modified 11/6/2024 10:03:06 AM EST | Added by TaxBandits Team

Failing to furnish Form 1095-C to your employees and the IRS on time can result in hefty penalties.

• Failure to File Correct Information Returns (to the IRS)
  The penalty for failing to file a correct Form 1095-C with the IRS is $330 per return for 2024, with the total penalty for a calendar year not to exceed $3,987,000.
   
• Failure to Furnish Correct Statements (to Employees)
  The penalty for failing to furnish a correct Form 1095-C to an employee is also $330 per return for 2024, with the total penalty for a calendar year not to exceed $3,987,000.

You can use the free penalty calculator offered by our sister product, ACAwise, to calculate your penalty. To avoid penalties, make sure you file 1095-C forms on or before the due date.

Want to e-file 1095-C hassle-free?

TaxBandits is here to help you with the e-filing of 1095-C. Create a FREE account at TaxBandits and e-file Form 1095-C before the due date.