Archive by tag: 1095Return
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The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2018 reporting with minimal changes. Employers are required to report in early 2019 for the calendar year 2018.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Employer reporting , 1094 , 1095 , Section 6055 , Section 6056 , Employer Mandate , IRS , ALE , ACA
As the April 17th income tax deadline* quickly approaches, employees that participate in a cafeteria plan that includes employer sponsored health insurance, health care flexible spending accounts (HCFSA), dependent care flexible spending accounts (DCFSA) and health savings accounts (HSA) should keep a few things in mind.
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Categories: Benefits in General, Compliance | Tags: IRS , Tax Day , DCFSA , HCFSA , Dependent Care FSA , Health Care FSA , HSA , Health Savings Account , Form 8889 , Form 2441 , Form 1095-B , Form 1095-C , April 15th , April 17 , 2018 , Personal Tax Return

Income Tax Season is Upon Us

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January 29, 2018 marked the start of tax filing season. People have until Tuesday, April 17, 2018, to file their 2017 returns and pay any taxes due. The filing tax deadline is later this year due to several factors.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , 1095-A , 1095-B , 1095-C , 1099-SA , 5498-SA , HSA , Dependent Care FSA , Form 2441 , Form 8889 , ACA , group health insurance , HRA , PEB , COBRA Beneficiary
The IRS recently announced in Notice 2018-06 that it has extended the 2018 deadline for insurers, self-insured employers, other coverage providers and applicable large employers to provide Forms 1095-B and 1095-C to individuals who received health insurance coverage in 2017. These Forms, which are required by the Affordable Care Act (“ACA”), must now be provided to individuals by March 2, 2018, instead of January 31, 2018. Notice 2018-06 also provides relief from penalty payments under the A...
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Categories: Health Care Reform, Compliance | Tags: Affordable Care Act , ACA , 1095-B , 1095-C , health insurance , IRS , Notice 2018-06 , relief , penalty , good faith
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 has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2017 reporting. The final instructions are available for the C Series forms, and we expect the B series final instructions to be released shortly. Employers are required to report in early 2018 for calendar year 2017.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: ACA , 1094 , 1095 , 6055 , 6056 , Employer reporting , IRS
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
December 22, 2016 the IRS provided several updates to the FAQ’s on their website.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , ACA , FAQ , 1094 , 1095 , Pay or Play , Employer Reporting

Most HRAs not Subject to ACA Reporting

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The reporting of an integrated HRA is required only for the participants that are not enrolled in the employer’s group medical plan and that HRA reimburses more than just dental or vision expenses.
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Categories: Health Care Reform, Compliance | Tags: HRA , 1095-B , 1095-C , IRS , ACA , Employer Reporting

IRS Delays 2016 ACA Employer Reporting

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November 18, 2016, the IRS issued Notice 2016-70 automatically extending the due dates for certain 2016 information-reporting requirements under the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Reporting , 1094 , 1095 , IRS , 6055 , 6056
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