Countdown to ACA Reporting Filing Deadlines

As a reminder, deadlines are approaching to file the required IRS forms under the ACA employer reporting requirements.

Applicable Large Employers (ALEs) are required to report whether Minimum Value, affordable coverage was offered to any full-time employees (full-time for at least one month during the year).  Full-time equivalent employees must be included when determining if an employer is subject to the coverage penalty and reporting requirements of the ACA.

ALEs must provide Form 1095-C to employees if employing 50 or more full-time employees (including full-time equivalent employees) in the previous calendar year. The due date for providing these forms is March 2, 2017. The penalty for non-compliance is $260 PER-FORM.  

Click HERE for the Oswald Advisory

Click HERE for Oswald’s Comprehensive Guideline addressing IRS Forms 1094 & 1095 with detailed charts of the potential codes and sample illustrations.

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Disclaimer: Materials are solely for informational purposes as an educational resource. Please contact counsel to obtain advice with respect to any specific issue.