The IRS released the final version of Forms 1094-C, 1095-C, 1094-B, 1095-B and instructions (for C Forms and B Forms). These forms must be used by employers and other entities who are subject to the Affordable Care Act’s health coverage reporting requirements for 2019 (IRC Sections 6055 and 6056). The updated documents include information from the IRS’s recently issued Notice 2019-63, but no significant changes were made.
As a reminder, Notice 2019-63 provides an extension to the deadline for Forms 1095-B and 1095-C to be furnished to individuals in 2020. They are due by March 2, 2020 instead of January 31, 2020. The deadline for submission to the IRS remains February 28, 2020 (or March 31, 2020 for electronic filing). Start working with your reporting vendor now to meet these deadlines.
If you have questions or need help, please contact one of our benefit consultants.