June 10, 2015
Businesses that have 50 or more full-time equivalent employees will be required to file information returns about health care coverage with the IRS for all of their full-time employees regardless of whether they provided health insurance to them during 2015.
Under the Affordable Care Act, these businesses are considered Applicable Large Employers (ALEs) and they must file a Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) for each full-time employee and Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) to the IRS no later than February 28, 2016 for calendar year 2015. They must also send all employees a copy of Form 1095-C by January 31, 2016.
Businesses that file 250 or more Form 1095-Cs are required to file them electronically with the IRS.
It is important to remember that this information must be tracked on a monthly basis because that is how it is reported on Form 1095-C.
Employees will need the information reported on the Form 1095-C to help them determine which months they had health insurance during 2015.
For detailed information on the Affordable Care Act reporting requirements see the following on IRS.gov:
2018 Federal Return and Taxpayer Expectations
January 30, 2019
Reminder of 2018 Itemized Deduction Changes
January 16, 2019
Qualified Business Income Deduction (20% Deduction for Certain Pass-Through Income)
January 9, 2019
Reminder of Form 1040 Redesign
January 2, 2019
Important Reminders for the Upcoming 2019 Filing Season
November 28, 2018
2018 Changes to Form 8867 (Preparer Due Diligence Checklist)
November 9, 2018