ACA Reporting Deadlines are Approaching

December 9, 2015 Robert Sheen Affordable Care Act, Applicable Large Employer (ALE)

The IRS has issued a reminder of the deadlines for applicable large employers to file Affordable Care Act information reports, and pointed out that the requirements apply whether or not a company offered health coverage to its employees.

If an organization is an applicable large employer in 2015, it must file information returns with the IRS. It must also provide statements to each employee who was a full-time employee for at least one month of the year about health coverage the employer offered, or show that it did not offer health coverage.

An entity is an applicable large employer for 2015 if in 2014 it had 50 or more full-time employees, including full-time equivalents.

For-profit, governmental, Tribal and tax-exempt applicable large employers are all subject to the ACA information reporting requirements.

What Are The Due Dates For Reporting?

• Forms 1095-C must be provided to employees by February 1, 2016.
• Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically.

What Forms Must Be Used To Report?

• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is used to report required information to employees. It is also used to report information about each employee to the IRS.
• Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return, is used to report summary information, and to transmit Forms 1095-C to the IRS.

More information about reporting of offers of health insurance by employers is available on the IRS website.

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