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Posts Tagged 'section 6056'

Draft Forms for 2017 ACA Reporting Released

On July 28, 2017, the IRS released draft versions of the forms that employers will use to report on the health insurance coverage they offered in 2017. Generally, most applicable employers will use Form 1094-C and Form 1095-C to meet their reporting obligation under the Affordable Care Act. Below are links to the draft versions [...]

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ACA Reporting for 2016: Deadline Extension Announced for Form 1095-C Distribution

On November 18th, 2016, the IRS announced a deadline extension that may benefit employers that need to comply with the Affordable Care Act’s Employer Reporting Requirements. Here are the main two changes that were announced: The due date for distributing Form 1095-C documents to employees has been extended from January 31, 2017 to March 2, [...]

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ACA Reminders: Deadlines and Resources

I wanted to briefly remind you about upcoming deadlines regarding the Affordable Care Act that may impact your business and its employees. Employer Reporting Deadlines Generally, employers with 50 or more full-time employees, including full-time equivalents, in the previous year must comply with the ACA’s reporting requirements. Here are the deadlines for this year: Distributing [...]

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Affordable Care Act News: Deadline Extension for Employer Reporting Requirements

On December 28th, 2015, the IRS announced that they will be extending the due dates regarding the Affordable Care Act’s employer reporting requirements (Section 6055 and Section 6056). The due date for furnishing forms to individuals has been extended from Feb. 1, 2016, to March 31, 2016. The due date for filing forms with the [...]

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ACA News: Final IRS Forms and Instructions Issued for 2015 Employer Reporting Requirements

On September 17th, 2015, the IRS released finalized forms and instructions for 2015 to help employers prepare for compliance with the new information reporting provisions under the Affordable Care Act (ACA). Please use the following links to access the final forms and instructions, along with a helpful Q&A from the IRS: Form 1094-C (used to report summary [...]

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IRS Releases 2015 Draft Instructions for Affordable Care Act Reporting: Forms 1094-C and 1095-C

The IRS has released 2015 Draft Instructions for Forms 1094-C and 1095-C (as well as Forms 1094-B and 1095-B), which may help many employers prepare for the new information reporting provisions under the Affordable Care Act. Applicable employers are required to report for the first time in early 2016 for calendar year 2015. Who is [...]

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New IRS Q&As on ACA Reporting by Large Employers: Guidance Addresses Forms 1094-C and 1095-C

Under the Affordable Care Act, applicable large employers (generally those with 50 or more full-time employees, including full-time equivalents) will be required to report information to the IRS and to their employees about their compliance with “pay or play” rules and the health care coverage they have offered. For many employers, this reporting will be done via [...]

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Health Care Reform News: IRS Releases Draft Forms for Employer Reporting of Health Coverage

To help employers prepare to meet reporting requirements under the Affordable Care Act, the IRS recently released draft forms related to the “Pay or Play” rules. This compliance requirement will support IRS Code Sections 6055 and 6056. The intention of this effort is to promote transparency regarding health plan coverage and costs. In addition, these [...]

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