To amend ACA Forms 1094 and 1095, prepare new forms with corrected information, check the "CORRECTED" box on Form 1095-C/B, and submit them along with a new 1094 transmittal to the IRS. Corrected forms must be filed via the same method (paper or electronic) as the original, and updated copies must be provided to employees. 

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Steps to Amend ACA Forms (1095-C/1094-C):

Identify Errors: Determine if the error is in the employee's name, SSN, or the employer’s EIN, requiring a new Form 1095-C.

Prepare Corrected Forms:

Mark "Corrected": Check the "CORRECTED" checkbox at the top of the Form 1095-C.

Complete Form 1095-C: Create a new Form 1095-C with the corrected data for the employee.

Create Form 1094-C: Prepare a new, non-authoritative Form 1094-C transmittal, or an authoritative one if required, to submit with the corrected 1095-C.

File with the IRS: Submit the corrected forms to the IRS. If submitting electronically, mark the transmission as "Corrected" in the AIR system.

Notify Employees: Distribute the corrected Form 1095-C to the affected employee(s) immediately. 

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Key Considerations:

Authoritative Transmittal: If the original 1095-C was submitted with an authoritative transmittal (1094-C), the correction should be submitted with a new authoritative transmittal.

Deadlines: Ensure corrections are made as soon as possible after discovering the error to avoid penalties.

Third-Party Vendors: Services such as ACAwise or TaxBandits can assist with the correction and re-transmission process