*Please note that we will be hosting a webinar January 21 at 2pm to discuss the ACA. A link will be sent out as we get closer to that date.
On Dec. 28, 2015, the Internal
Revenue Service (IRS) issued Notice 2016-4,
which extends the deadlines for the 2015 information reporting
requirements, both furnishing to individuals and filing with the IRS.
new onerous information reporting requirements under IRC sections 6055 and 6056 that apply to employers with 50 or more full-time
employees and full-time-equivalent employees, as well as employers of any size
that self-insure. Effective in 2016, employers are required to report to the
IRS health coverage offered (or not offered) in 2015 and provide a related
statement to each full-time employee or covered individual.
Specifically, Notice 2016-4 extends
the deadlines for:
1) furnishing to individuals the 2015
Form 1095-B, Health Coverage, and the 2015 Form 1095-C, Employer-Provided
Health Insurance Offer and Coverage, from Feb. 1, 2016, to March 31,
2) filing with the IRS the 2015 Form
1094-B, Transmittal of Health Coverage Information Returns; the 2015 Form
1095-B, Health Coverage; the 2015 Form 1094-C, Transmittal of Employer-Provided
Health Insurance Offer and Coverage Information Returns; and the 2015 Form
1095-C, Employer-Provided Health Insurance Offer and Coverage, from Feb.
29, 2016, to May 31, 2016, if not filing electronically, and from March 31,
2016, to June 30, 2016, if filing electronically.
the IRS has not updated the below guidance documents to include the new due
large employers (those
with 50 or more full-time employees and full-time-equivalent employees) can
learn more about section 6056, read a Q&A and access the following forms on the IRS website.
2015 Form 1095-C Employer-Provided
Health Insurance Offer and Coverage
2015 Form 1094-C Transmittal
of Employer-Provided Health Insurance Offer and Coverage Information Returns
Instructions for Forms 1094-C and 1095-C
Questions and Answers related to Forms 1094-C and 1095-C
large employers that file 250 or more information returns must file the returns
electronically through the ACA Information Returns (AIR) program.
learn more about section 6055, read a Q&A and access the following forms on the IRS website.
2015 Form 1095-B Health
2015 Form 1094-B Transmittal
of Health Coverage Information Returns
Instructions for Forms 1094-B and 1095-B
employers that are applicable large employers are subject to
the reporting requirements of both section 6055 and section 6056 and are
required to use Form 1095-C and Transmittal Form 1094-C. Self-insured employers
with fewer than 50 full-time or full-time equivalent employees should use Form
1095-B and Transmittal Form 1094-B.
To learn more
about the ACA reporting requirements, register for the webinar on Jan. 27 at 2
p.m. (EST), titled, "Health Care Reform Update – Learn How the Affordable Care Act Will Impact
your Company in 2016 and Beyond," which will be presented by
ABC’s general counsel, Littler Mendelson.
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