The December 2020 Year-End update also adds a Zip Code row to the menu 5-2-1 Employees, ACA tab window. The zip code is only applicable to Offer of Coverage Codes 1L, 1M, 1N, 1O, 1P, and 1Q and, moreover, is only applicable to tax years 2020 and later. Hence, selecting a tax year earlier than 2020 on the ACA tab will grey out the Zip Code row. The Offer of Coverage Codes 1R and 1S do not require zip codes.
Depending on which new Offer of Coverage Code (1L through 1S) is selected, Sage 100 Contractor will auto-populate the Zip Code field on the ACA tab of the 5-2-1 Employees record in the following manner (the Zip Code may be manually changed, if required. Technically, the zip code should be the zip code of the location where the offer of coverage is based):
- If Offer of Coverage Code 1L, 1M, or 1N is selected, Sage 100 Contractor will auto-populate the Zip Code field with the zip code currently noted on the General Information tab of the employee's menu 5-2-1 Employees record.
- If Offer of Coverage Code 1O, 1P, or 1Q is selected, Sage 100 Contractor will auto-populate the Zip Code field with the zip code currently noted on the menu 7-1 Company Information (company address Zip Code) window.
Any global changes to employee ACA settings can be accomplished in the following manner:
- Open menu 5-2-1 Employees.
- From the menu bar, select Options, Update ALL Employees ACA Settings.
For more information regarding the Affordable Care Act Offer of Coverage Codes, please consult with your CPA, accountant, or view the instructions on the Internal Revenue Service's web site. Click here
DocLink: Reporting COVID-19 Related Wages on Form W-2
DocLink: Information to process Affordable Care Act (ACA) forms in Sage 100 Contractor
DocLink: What do I need to know about Affordable Care Act?
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