1095 Archives - Employee Benefits I AP Benefit Advisors

IRS Offers Another Extension for 1094s and 1095s

IRS Offers Another Extension for 1094s and 1095s A   The IRS has, once again, come out with a holiday gift for employers. In the recently-released Notice 2019-63, the IRS provided additional reporting relief for employers for the 2019 calendar year. In short, the Notice provides: The due date to provide Forms 1095-C or 1095-B to […]

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ACA – Pay or Play Enforcement has arrived

As we reported in our 2nd Quarter Newsletter, the IRS has indicated it would notify applicable large employers (ALEs) in 2017 of their potential penalties for failing to comply with the employer shared responsibility mandate, for the 2015 calendar year.  With the numerous attempts this year to repeal or replace the ACA, ALEs may have […]

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2017 Drafts of Form 1094/1095 Information Returns

The Internal Revenue Service (IRS) has issued the 2017 drafts of the Form 1094/1095 information returns for the 2017 tax year with filing in early 2018. Forms 1094-B/1095-B – used by coverage providers to report health plan enrollment required by Code § 6055 Forms 1094-C/1095-C – used by applicable large employers (ALEs) to report information […]

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Reporting Requirements: Increased Penalties and New Electronic Filing Steps

The Trade Preferences Extension Act of 2015 (“Act”), signed into law by President Obama on June 29, significantly increases potential penalties for insurers and employers that fail to comply with the new Affordable Care Act (ACA) Minimum Essential Coverage (MEC) and Large Employer reporting requirements first due in 2016. As a refresher: IRS Code 6055 […]

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IRS Releases Draft 2015 Forms 1094 and 1095

On Tuesday of this week, the IRS release 2015 versions of Form 1094 and 1095. These will be used to report information that is needed to satisfy and comply with both the Individual Mandate and the Employer Shared Responsibility provisions of the Affordable Care Act (in addition to assisting with the complex evaluation process for […]

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IRS Reporting on Employer and Individual Mandates – Final Instructions

On February 9, 2015, the Internal Revenue Service (IRS) released final forms and instructions for reporting on individual and employer mandates. The instructions and forms will be used by applicable large employers, insurers and employers with self-insured plans. The Final Rules on Minimum Essential Coverage (MEC) and Large Employer reporting were released on March 5, […]

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IRS and HHS: Prepping for Your Tax Season PPACA Questions

The Treasury Department and the Department of Health and Human Services are getting ready for the tax-filing season (for tax year 2014) and the onslaught of questions they anticipate about the Affordable Care Act. The Obama Administration has prepared some resources and online tools to help individuals connect with local tax preparation services and determine […]

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