The IRS has released ACA Reporting Draft Instructions for Forms 1094-C and 1095-C for the 2017 Tax Year. The ACA Reporting Draft Instructions will help employers prepare for 2017 Affordable Care Act (ACA) Reporting. Finalized versions of the forms and instructions will be released in early 2018.
Key Proposed Changes
The ACA reporting draft instructions for Forms 1094-C and 1095-C include revisions to remove references to section 4980H transition relief. No section 4980H relief will be available in 2017.
Who Must File
The IRS requires Applicable Large Employment (ALE) members to report their compliance with the ACA employer’s responsibility provisions, as well as health care coverage that they have or have not offered to their employees. The IRS defines ALE members generally as employers with 50 or more full-time or full-time equivalent employees in the reporting tax year.
The ACA reporting draft instructions released by the IRS for Forms 1094-C and 1095-C indicate that the filing deadlines for Tax Year 2017 will remain the same as the previous year. Employers can receive an automatic 30-day extension by filing Form 8809. The proposed deadlines are as follows:
- Form 1095-C to be submitted to employees: January 31, 2018.
- Form 1094-C to be submitted with 1095-C copies to IRS by paper: February 28, 2018.
- Form 1094-C to be submitted with 1095-C copies to IRS electronically: March 31, 2018.
ACA Reporting Made Easy
BoomTax was created to provide employers with a simple solution for information reporting. We focus on keeping things simple! That means no overwhelming tax forms, no complicated jargon, and no boring software.
With BoomTax, you can easily upload your data, and distribute and e-file your 1094-C and 1095-C forms within a few clicks. We will walk you through every step of the process. Our simple step-by-step approach allows you to easily complete your IRS ACA reporting. There is no need to learn any complicated software or complete specialized training.
- Prepare for ACA Reporting
- ACA Reporting Deadlines
- ACA Deadline Extension
- Affordability Safe Harbors
- What is Employer Shared Responsibility?
- Penalties for ACA and 1099 Reporting
- Quick Guide: Prepare, Distribute, File
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.