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New IRS Q&As on ACA Information Reporting by Large Employers

Jun 12, 2015

HR360, Inc.
May 22, 2015

Guidance Addresses Forms 1094-C and 1095-C

The Internal Revenue Service (IRS) has released new Q&As to provide additional information for large employers that are required to file Forms 1094-C and 1095-C under Internal Revenue Code section 6056.

The Affordable Care Act (ACA) requires large employers (generally those with 50 or more full-time employees, including full-time equivalents) to report information to the IRS and to their employees about their compliance with the employer shared responsibility provisions ("pay or play") and the health care coverage they have offered ("section 6056 reporting"). Information reporting under section 6056 is first required in early 2016 with respect to calendar year 2015.

New Q&As
In addition to basic information regarding employer reporting, the new IRS Q&As also include specific information on reporting offers of coverage and other enrollment information. Specifically, the Q&As address how large employers should:

The Q&As also address how to report offers of COBRA continuation coverage. For general details about the reporting requirements under section 6056, refer to the previously released IRS section 6056 Q&As.

Be sure to check out our Large Employer Information Reporting section for additional information.

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