Instructions for Reporting on Forms 1094-C and 1095-C are available here.
Instructions for Reporting on Forms 1094-B and 1095-B are available here.
[What is the third big development?] The third big development that happened this summer was that the IRS released a lot of information about the 2015 Information Reporting Program.
The 1095-C includes information about the coverage provided to each individual full-time employee on a month-by-month basis. A copy of this form is distributed to each employee that was covered by the plan.
The 1094-C is the transmittal form that is filed with the IRS, and it includes information about the employer’s offer of coverage and other information about the employer and affiliated employers.[What is the deadline?] The filing deadline for the 2015 calendar year is February 29, 2016. January 31, 2016 is the deadline for distributing the forms to employees. [What else do I need to know about information reporting?] An important thing to know is that even if you are an employer that is not subject to the pay or play requirements until 2016 because you have between 50 and 99 employees and meet the other requirements for this transition relief, you will still be required to do information reporting for the 2015 calendar year.
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