Trusaic identified significant coding errors presented in 1095-C schedules. After performing a re-determination analysis with raw data, the ACA penalty was reduced to nothing.
Wollborg Michelson Recruiting received a Letter 226J penalty notice from the IRS in early December 2017, just in time for the holidays. The proposed ACA penalty was in the millions of dollars. Unsure of how to respond to the penalty notice, the company did its research looking for an expert. Wollborg found Trusaic.
Despite the hectic time of year, Trusaic was able to move into action quickly. A review of the 2015 ACA information filings by Wollborg identified significant coding errors presented in the 1095-C schedules. We also noticed that the full-time count in the 1094-C transmittal was overstated. These two errors were essentially what caused the proposed penalty amount to be as high as it was. Trusiac explained to Wollborg what the errors meant and how to avoid them going forward. After performing a redetermination analysis of the raw data, Trusaic was able to reduce Wollborg’s penalty to nothing.
During this process, Trusaic handled all of the paperwork. Trusaic provided the response to the IRS on time, attached the necessary supporting documents, and provided receipt to Wollborg once the process had been completed.
“They were professional, thorough, and detailed orientated,” said Michael Sanchez, Controller.