The Internal Revenue Service (IRS) released information about Form 1094 and 1095 reporting in a recent FAQ. The IRS said the information will assist employers with their IRS reporting (Form 1094-C) and statements to employees (Form 1095-C) regarding employer health coverage under the Affordable Care Act (ACA).
Employers must comply with the new requirements beginning in 2016, reporting for calendar year 2015. The latest information from the IRS includes updates to a Q&A covering reporting requirements and new information on how to address any issues that may arise while completing Forms 1094 and 1095. The Q&A clarifies the existing rules. The final rule remains unchanged.