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The IRS has published a guide for electronically filing the required Affordable Care Act (ACA) Information Returns (AIR). Regulation requires electronic filing of the forms if the “transmitter” will be filing 250 or more forms. Other transmitters can voluntarily submit their required forms electronically. The AIR filings are to comply with the Sections 6055 and 6056 reporting obligations.
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Categories: Health Care Reform, Compliance | Tags: IRS , Reporting , 1094 , 1095 , ACA , 6055 , 6056

IRS Issues Draft Instructions for ACA Reporting

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The IRS has issued draft instructions for completion of the Forms 1094 and 1095 that are to be provided in early 2016 for health coverage enrolled in or offered in 2015.
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Categories: Health Care Reform, Compliance | Tags: 1094 , 1095 , Reporting , IRS , Forms

IRS’ Health Care Tax Tips for Employers

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The IRS has published a tax tips table that provides useful information for employers, based on size, regarding what employers need to know about the Affordable Care Act.
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Categories: Health Care Reform, Compliance | Tags: IRS , Report , 6055 , 6056 , Penalty , SHOP

Additional Cadillac Tax Guidance Issued

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Late last week, the IRS issued Notice 2015-52 which provides insight to how the regulators foresee applying the Cadillac Tax, who pays the tax and how the total cost of health coverage is calculated. In addition, the guidance requests comments on the issues raised in the Notice by October 1, 2015; prior to the final rules being promulgated.
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Categories: Health Care Reform, Compliance | Tags: Tax , Cadillac , Coverage , Cost
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