One of the easiest steps of preparing Form 1095-B is to gather the information of the 1095-B issuer. This will include their TIN information and a point of contact for any recipient questions.
Like recipient TIN information, issuer TINs should be verified before the filings are submitted. Tools such as TINCorrect can help to make sure the information you have matches with IRS records. It is crucial to ensure you have the most updated information as soon as possible in order to prevent potential penalties from the IRS.
Make sure to provide your recipients with a working phone number or other contact option that’s available during regular hours. This is important in the event they have questions about their Form 1095-B. The point of contact should be adequately staffed and prepared to address questions or concerns that the recipients may have.
For more information on Form 1095-B filing, please view the IRS Instructions or check out our other blog posts linked below:
- Identify Responsible & Covered Individuals
- Verify Individual TIN Information
- Determine Origin of Health Coverage
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.