×

How to Comment:

Tap the quote mark to comment on articles.

Mercer

The ACA reporting deadlines for minimum essential coverage and employer shared responsibility occur in the first quarter of 2016. Individual statements (Form 1095-Cs) have a Monday, February 1, 2016, deadline and the IRS electronic transmittal due date (Form 1094-C) is Thursday, March 31, 2016.

Helpful
Not Helpful
Expand Story

The passing of April 15 — tax day — is a reminder of the extra form(s) all our employees will have to attach to their Form 1040 next year. And a further reminder that the clock is ticking for preparing for the new ACA reporting requirements.

 

Helpful
Not Helpful
Expand Story

Last week I promised you more information about a topic that’s rising to the top of the priority list for every employer — ACA reporting. Here’s an overview of the purpose and types of reporting, along with the action items employers should address between now and January 1.

 

The ACA reporting requirements, despite being an administrative burden to employers, answer three important questions for IRS enforcement.

 

  • Did the employer offer the requisite coverage to satisfy the employer mandate?
  • Did the taxpayer have the requisite coverage to satisfy the individual mandate?
  • Was the taxpayer eligible for subsidized coverage?
Helpful
Not Helpful
Expand Story