Form 1094 includes some additional information to aid the IRS in looking at an employer’s ACA compliance, including the mysterious and confusing line 22. It’s used to transmit copies of the employer’s Form 1095s to the IRS. Under IRS Notice 2016-4, the deadline to furnish Form 1095 to employees is extended from Februto March 31, 2016. It’s the form that is distributed to employees and explains their medical coverage. We think of the Form 1095 series as something like a W-2. This information goes to the IRS via Forms 10. ( IRS Notice 2016-4)īackground. All Applicable Large Employers (those with 50 or more full time equivalent employees) must report on Form 1095 whether they offered affordable, minimum essential coverage at minimum value to employees (and their dependents) who were full-time for at least one month during 2015. In addition, any employer sponsoring a self-funded medical plan must report on Form 1095-C all employees who enroll under the plan (including part-time employees, COBRA participants, beneficiaries and directors). IRS Notice 2016-4 makes for some happy reading.
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