• TRS CPA

EMPLOYER REPORTING ON FORMS 1095-B / 1095-C

UNDER THE AFFORDABLE CARE ACT

In March the IRS released final regulations concerning the information returns required to be filed by employers under the Affordable Care Act. Copies of the actual forms have not yet been released by the IRS. This article is intended to be a broad discussion of some of the generally applicable regulatory requirements.

What is the first date that these forms must be filed? The forms must be filed for the for the first time early in 2016 for the 2015 calendar year. As with Form W-2, copies of the forms must be provided to individuals by January 31. The forms must be filed with the IRS by February 28 if reporting on paper or by March 31 if reporting electronically.

This FAQ answers many more questions such as:

  • Who files Form 1095-B?

  • What does Form 1095-B report?

  • If my company has fewer than 50 full time employees, must Form 1095-B still be filed?

  • Who files Form 1095-C?

  • What does Form 1095-C report?

  • and MORE!

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