With tax season around the corner, and the deadlines for the first round of ACA IRS reporting approaching, we want to provide a brief review on the new reporting provisions under sections 6055 & 6056 of the Internal Revenue Code.
Please click here to watch the most recent episode from our "Compliance Minute" video series. This short video will provide a quick recap on the "Who, What, & Whens" of the new IRS reporting requirements added by the ACA.
The 2015 final 1094-C & 1095-C reporting instructions can be found here.
Please note: Reporting entities may request a 30-day extension for furnishing statements to individuals and for filing with the IRS. Further, reporting entities who will issue 250+ 1095 forms, may also apply for a waiver from the requirement to file these returns electronically. Details on the extension and waiver application process can be found in the final instructions.