#1095-c

Be aware of these three new tax filing deadlines

As you begin preparing your final payroll tax returns for 2016, take into account earlier due dates for two common information reporting forms and one extended due date for health coverage reporting forms. Forms W-2 for 2016 are due January 31. The January 31 deadline applies to forms given to employees, as well as those submitted to the Social Security Administration. Forms 1099-MISC with…

If you are a self-insured employer, applicable large employer or health coverage provider, remember that the deadlines to file information returns with the IRS are approaching. The deadline to provide information returns to employees or responsible individuals was March 31 but for some the deadline to file them with the IRS just over one month away.

This chart provides a reminder about the upcoming filing requirements and the 2016 deadlines.

*If you file 250 or more Forms 1095-B or Forms 1095-C, you must electronically file them with the IRS. Electronically filing ACA information returns requires an application process separate from other electronic filing systems. Additional information about electronic filing of ACA Information Returns is on the Affordable Care Act Information Reporting (AIR) Program page on IRS.gov and in Publications 5164 and 5165.   

**Applicable large employers that provide employer-sponsored self-insured health coverage to non-employees may use either Forms 1095-B or Form 1095-C to report coverage for those individuals and other family members.

Don’t Confuse Health Care Forms

With the tax filing deadline approaching, remember that the Affordable Care Act contains tax provisions that affect your 2015 income tax return. Taxpayers who are claiming or reconciling the premium tax credit, or claiming an exemption from the requirement to have health coverage must complete IRS forms related to the health care law. Because the form numbers are similar, it’s important that you…

What to Do if You Don’t Receive Your Health Care Information Forms

This year, you may receive one or more forms that provide information about your 2015 health coverage; these forms are 1095-A, 1095-B and 1095-C. The IRS does not issue these forms and cannot provide you with a copy of any of these forms. This tip provides guidance about what you should do if you are expecting to receive any of these forms, but do not have them by the time you are ready to file…

How to report your 1095-B or 1095-C

Department of the Treasury Internal Revenue Service

Here’s What You Need to Do with Your Form 1095-B

This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015.  These forms are 1095-A, 1095-B and 1095-C. This tip is part of a series that answers your questions about these forms.

Form 1095-B, Health Coverage, provides you with information…

Alright y'all.  This new 1095 form?  Let me explain it to you (it’s brand new to us as well, so this is my understanding of it as someone who was given 20 minutes of haphazard training and then googled the rest).  

It is a form notifying the government if your employer offered you coverage and if you took the coverage. You are going to get the form even if you were labeled for ONE DAY as a full time employee.  If you had coverage through your spouse/elsewhere/idgaf, line 15 is going to have an amount on it.  THIS IS NOT SOMETHING YOU PAID.  READ THE DESCRIPTION.  That is your company notifying the government what the lowest cost option was that they offer.  If you do have coverage as a dependent under someone else, you need to get a copy of their 1095, where it lists you as a dependent.  

1095-B and 1095-C Form may arrive late

Department of the Treasury Internal Revenue Service

The IRS has extended the due dates for the health insurance coverage forms 1095-B and 1095-C to be sent out as late as March 31, 2016. The original issue date had been January 31, 2016. As a result, some tax filers may not have either the 1095-B or 1095-C when they file their federal taxes. However, neither a copy the 1095-B or -C needs to be su…