On July 24, 2014, the IRS released draft forms that will be used by large employers and employers who offer self-insured plans to report information related to health coverage it offers to full-time employees under the ACA. Starting in 2016 (for data from 2015), large or self-insured employers must submit these forms annually to the IRS no later than February 28 (or by March 31 if e-filed). Such employers must also provide written statements to those employees who are included in the report. The first of these written statements will be due by January 31.
In a release about the draft forms, the IRS indicated that further instructions relating to the forms can be expected in August. In addition, the IRS noted that the finalized versions of the forms would be available later this year.
The draft versions of the forms are available at the following links:
- Form 1094-B: http://www.irs.gov/pub/irs-dft/f1094b--dft.pdf
- Form 1095-B: http://www.irs.gov/pub/irs-dft/f1095b--dft.pdf
- Form 1094-C: http://www.irs.gov/pub/irs-dft/f1094c--dft.pdf
- Form 1095-C: http://www.irs.gov/pub/irs-dft/f1095c--dft.pdf
For more information on employer reporting requirements, see our recent blog post: http://www.lcwlegal.com/86535