Smart Benefits: Updated ACA Reporting Forms Available for 2019
Monday, December 03, 2018
Form 1094-C/Form 1095-C: Employers with 50 or more full-time employees use Forms 1094-C and 1095-C to report information about offers of health coverage and enrollment in health coverage for their employees to determine compliance with the employer shared responsibility provisions. In a notice, the IRS extended the deadline for employers to provide a Form 1095-C to employees until March 4. Form 1094-C and Forms 1095-C must be filed with the IRS by February 28, or April 1 if filing electronically.
Form 1094-B/Form 1095-B: Small employers that aren't subject to the employer shared responsibility provisions sponsoring self-insured group health plans use Forms 1094-B and 1095-B to report information to employees and the IRS about individuals covered by minimum essential coverage. With the IRS’s extension, employees must receive a Form 1095-B by March 4. Forms 1094-B and 1095-B must be filed with the IRS by February 28, or April 1 if filing electronically.
If you can’t make these deadlines, be sure to apply for an ACA reporting extension with the IRS by submitting a Form 8809 on or before the due date of the return for an automatic extension. Otherwise, failure to file complete and accurate Forms 1094-C on time could result in penalties equal to $250 per form, while missing the deadline for filing and furnishing correct information on Form 1095-C could result in a $500 penalty per form.
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