1095-C

IRS Announces ACA Pay or Play Penalties for 2024

IRS Announces ACA Pay or Play Penalties for 2024 The IRS released 2024 penalty amounts on March 9, 2023. This notice is related to the ACA Employer Mandate Penalties. The IRS notice can be reviewed...

Employer Quick Hit - Use of the Look-Back Measurement Method

Use of the Look-Back Measurement Method For purposes of reporting full-time employee counts on the Form 1094-C, as well as reporting full-time versus part-time status by month on Form 1095-Cs, appl...

Employer Reporting Quick Hit - Affordability Safe Harbors

Applicable large employers (50 or more FTEs) and employers offering self-funded group medical plans are in the midst of finalizing reporting via Forms 1094 and 1095 for the 2022 calendar year. The rep...

Employer Reporting Quick Hit - Reporting Offers of Coverage - 1A versus 1E

Applicable large employers (50 or more FTEs) and employers offering self-funded group medical plans are in the midst of finalizing reporting via Forms 1094 and 1095 for the 2022 calendar year. The rep...

California Provides Leniency for Individual Mandate Reporting

The California Franchise Tax Board (FTB) has indicated on its website that while 1095 statements remain due to individuals by January 31, 2022, the FTB will not impose penalties for failure to provide...

IRS Proposes Automatic Extension For Furnishing 1095-C Forms

On November 22, the IRS issued proposed rules that would permanently provide an automatic extension for furnishing Forms 1095-C and 1095-B to individuals, from January 31 to March 2. The Proposed Rule...

Updated 1095-C Employer Reporting Guide - 2020

Updated 1095-C Employer Reporting Guide - 2020 The IRS recently provided the final 1095-C employer reporting forms and instructions. The 1095-C forms were modified slightly, primarily to facilitate...