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For the Accountants that dont know this, but there are new Tax forms that must be filed. Its the Affordable Care Act Tax forms.
Affordable Care Act (ACA) reporting is mandatory for calendar year 2015 and is the responsibility of the employer. The reporting requirements consists of two types of forms and their related transmittal.
ACA Tax Forms:
Form 1095-B must be issued by a self-insured employer with less than 50 full time employees (including full-time equivalent employees), or by the issuer to the employees and to the IRS as proof of healthcare coverage.
Form 1095-C must be issued by employers with 50+ full time employees (including full-time equivalent employees) to employees and to the IRS. Filers may submit multiple 1095-C batches to the IRS.
Form 1094-B is the transmittal form that must be filed with form 1095-B
Form 1094-C is the related transmittal sent to the IRS. This transmittal may have up to 3 pages with also must be included when e-filing each batch to the IRS.
[Links removed by admin - no gratuitous self promotion please]
Affordable Care Act (ACA) reporting is mandatory for calendar year 2015 and is the responsibility of the employer. The reporting requirements consists of two types of forms and their related transmittal.
ACA Tax Forms:
Form 1095-B must be issued by a self-insured employer with less than 50 full time employees (including full-time equivalent employees), or by the issuer to the employees and to the IRS as proof of healthcare coverage.
Form 1095-C must be issued by employers with 50+ full time employees (including full-time equivalent employees) to employees and to the IRS. Filers may submit multiple 1095-C batches to the IRS.
Form 1094-B is the transmittal form that must be filed with form 1095-B
Form 1094-C is the related transmittal sent to the IRS. This transmittal may have up to 3 pages with also must be included when e-filing each batch to the IRS.
[Links removed by admin - no gratuitous self promotion please]
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