The IRS released the final version of Forms 1094-C1095-C, 1094-B, 1095-B and Instructions (for C Forms and B Forms). These forms are used by employers and other reporting entities who are subject to the Affordable Care Act’s health coverage reporting requirements for the 2020 calendar year, per Internal Revenue Code Sections 6055 and 6056. No significant changes were made except for individual coverage HRAs (ICHRA) information and the now required field for reporting the start month of the plan year on Form 1095-C. However, employers should familiarize themselves with the updated forms and instructions prior to filing.

As a reminder, Notice 2020-76 provides deadline extensions for Forms 1095-B and 1095-C to be furnished to individuals in 2021. They are due by March 2, 2021 instead of January 31, 2021. The deadline for submission to the IRS remains February 28, 2021 (or March 31, 2021 for electronic filing). Start working with your reporting vendor (or software) now to meet these deadlines.

See bulletins below for more information about the forms and instructions, as well as Notice 2020-76’s deadline extension and penalty relief. 

Final Forms and Instructions Bulletin

IRS ACA Reporting Relief Bulletin

 

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