Entries for ' employer reporting'

Once again (in Notice 2018-94) the IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31 to March 4, 2019.  The notice does not extend the due date for filing Forms 1094-B and 1094-C (and accompanying Form 1095s) with the IRS. Accordingly, the deadline remains February 28, 2019, for paper filings, and April 1, 2019, for electronic filings.  The electronic filing of  information returns (Forms 1094/1095) f... Read more
Federal Law requires health insurance carriers and self-funded employers to report health insurance coverage to the IRS using members' (including dependents) Social Security numbers (SSNs). For many years, health insurance carriers did not always require dependent SSNs to enroll in coverage. However with the new reporting standards, health insurance carriers will be making requests via mail for dependent SSNs. Covered members have a strong incentive to provide their SS... Read more
On March 5, 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. Beginning 2016, for the prior calendar year, employers who are subject to the Employer Mandate or sponsor self-funded group health plans are required to report information to the IRS and provide copies to each “responsible individual” under section... Read more