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:
2019 Changes to Form 1040, Associated Schedules and New Form 1040SR
September 5, 2019
IRS Accepting Renewal Applications for Expiring ITINs
August 7, 2019
Tax Preparer Security Awareness
June 19, 2019
2019 Federal Tax Changes
April 24, 2019
When a Rental Activity Can Be Included as Qualified Business Income
March 19, 2019
Safe Harbor Rule for Autos that Claim Bonus Depreciation
February 27, 2019