IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

Home
ACA Reporting
IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

Articles

IRS Issues Instructions for Use of New ACA Forms for 2017 Tax Year [NEW REPORT]

The IRS has followed the release of the 2017 forms for filing Affordable Care Act (ACA)-mandated information with the IRS for the 2017 tax year with the instructions for the forms.

The updated instructions for the use of Form 1094-C and Form 1095-C in 2017 notes that Section 4980H transition relief for Applicable Large Employers (ALEs) is not available for 2017 as it was for the 2015 and 2016 tax reporting years. The 2017 instructions have been revised to remove discussion of section 4980H transition relief. Form 1094-C also has been revised to reflect the change.

You can find the 2017 directions at this link.

As we reported earlier, the new 2017 version of Form 1094-C and Form 1095-C are available at these links:

2017 Form 1094-C

2017 Form 1095-C

The IRS has issued the filing schedule for reporting ACA-mandated employee data for the 2017 tax year. The agency is expected to start sending notices of penalty assessments by the end of the year for those companies who did not comply with ACA provisions and IRS filing requirements for the 2015 tax year.

For any questions or a consultation on the ACA or IRS Letter 226J, contact Gregg Kasubuchi of First Capitol Consulting at (213) 355-5108 or at gkasubuchi@fcci.us.com.

Summary