The IRS has released draft guidance on electronic filing of Affordable Care Act reporting forms for 2014 and beyond. The guidance outlines the two-step process that issuers and transmitters must follow to register with the IRS e-Services system and obtain a Transmitter Control Code to file ACA Information Returns electronically using the Affordable Care Act Information Returns system. Only XML file formats are accepted, with a 100MB limit per transmission. Employers with 250 or more employees should begin preparing now to file electronically by the first quarter 2016 deadline.