Archive by tag: 1094-CReturn
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The IRS has issued the final 2019 forms 1094-B, 1095-B, 1094-C and 1095-C along with instructions. These forms will be used by employers, plan sponsors and group health plan insurers to report coverage to plan members and the IRS. This reporting is required by the Affordable Care Act. The deadline to provide notice to individuals on 1095-B or 1095-C has been extended from January 31, 2020 to March 2, 2020. In addition, the IRS has issued transitional good-faith relieve from section 6721 and 6722...
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Categories: Health Care Reform, Compliance | Tags: Notice 2019-63 , Form 1094-B , Form 1094-C , Form 1095-B , Form 1095-C , Employer Reporting , ALEs , Applicable Large Employers , Minimum Essential Coverage , MEC , 6055 , 6056
The IRS has updated the Q&A on the employer mandate to include new information on the notices that will be sent to employers over the next few weeks regarding any potential penalties for the 2015 reporting year.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , Letter 226J , ACA , Employer shared responsibility , ALE , Employer penalties , 1094-C , 1095-C
The IRS recently issued draft versions of Forms 1094-B, 1094-C, 1095-B and 1095-C information returns for the 2017 tax year. The Affordable Care Act requires coverage providers to use Forms 1094-B and 1095-B to report health plan enrollment and requires applicable large employers to use Forms 1094-C and 1095-C to report about employer shared responsibility. The Forms also provide relevant information about individual shared responsibility and premium tax credits.
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: Affordable Care Act , ACA , 1094-B , 1095-B , 1094-C , 1095-C , information letter , IRS , Internal Revenue Service , draft , ALE , applicable large employer , Office of Chief Counsel , employer shared responsibility , individual mandate
The IRS has released final versions of forms 1094-C and 1095-C and related instructions for tax year 2016.
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Categories: Health Care Reform | Tags: Affordable Care Act , ACA , 1094-C , 1095-C
The Internal Revenue Service (“IRS”) recently released draft instructions (“Draft Instructions”) for completing the 2016 versions of Forms 1094-C and 1095-C. Applicable Large Employers (“ALEs”) (i.e., employers that had 50 or more full-time employees during the preceding calendar year) must fill out these forms to comply with certain Affordable Care Act (“ACA”) mandates pertaining to offers to and enrollment of employees in health insurance coverage. The draft instructions come on the ...
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Categories: Health Care Reform | Tags: 1094-C , 1094-B , 1095-B , 1095-C , Draft Instructions , Draft Forms , Affordable Care Act

Reporting COBRA Coverage on Form 1095-C

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The IRS has provided guidance in the instructions for Forms 1094-C and 1095-C for how an applicable large employer (ALE) should report coverage when COBRA is involved. The reporting differs based on whether the ALE’s group health plan is insured or self-insured.
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Categories: Health Care Reform, Compliance | Tags: 1094-C , 1095-C , ALE , COBRA

Two New Q&As for ALE 6056 Reporting Issued

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The IRS has published two new Q&A documents related to the Code Section 6056 reporting that applicable large employers (ALEs) are required to provide to each of their full time employees for coverage offered or not offered in calendar year 2015 and copied to the IRS in early 2016.
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Categories: Health Care Reform, Compliance | Tags: IRS , 6056 , 1095-C , 1094-C , Reporting
Section 1411 of the Affordable Care Act (ACA) establishes the procedures for determining an individual’s eligibility for subsidies from the Health Insurance Marketplace (aka Exchange). Under Treasury Department regulation, a Section 1411 Certification is the certification to an employer that an employee has enrolled in a qualified health plan through the Exchange and been provided a subsidy.
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Categories: Health Care Reform, Compliance | Tags: 1094-C , 1095-C , Report , penalty