[Error code:1095C-020-01] How do I resolve it?
388 views | Last modified 2/23/2024 3:06:14 AM EST | Added by TaxBandits Team

Rejection Message:

If any data element in Form 1095C, 'MonthlyOfferCoverage' (Jan through Dec) has a value of "1B", or "1C", or "1D" or "1E", then the corresponding data element in 'MonthlyShareOfLowestCostMonthlyPrem' (January through December) or 'AnnualShareLowestCostMonthlyPrem' must have a value greater than or equal to zero

What does it mean:

If you’ve entered an ACA code "1B", or "1C", or "1D", or "1E", or "1J", or "1K" in Line 14 of 'MonthlyOfferOfCoverage' (Jan through Dec) then line 15 must be filled out with the employee's share of the lowest-cost self-only coverage for the months the employee was eligible for coverage. It should not be left blank.

Resolution:

With TaxBandits, you can quickly resolve the error and re-transmit it to the IRS.

Here is how you can resolve the error with Taxbandits,

• Log in to the TaxBandits account and click on the ACA on the menu.
• You will see the rejected forms, click "Fix Me" under Action to fix errors and retransmit the form.

• It redirects you to the health coverage information section.
• Enter the employees’ monthly share of the lowest-cost self-only coverage for the months the employee was eligible for coverage in Line 15. Please be informed, the amount you enter must be greater than zero.
• Review the completed form again and re-transmit your Form 1095-C.