Tax Year 2015 Import Spreadsheet Guidelines

Tax Year 2015 Import Spreadsheet Guidelines

To help you quickly and easily import your employee data, we have created an Excel spreadsheet template that contains all of your 1095-C data in a standard format for tax year 2015.

This format closely mirrors the 1095-C forms so your benefits / payroll provider may be able to easily provide the information required to populate the 1095-C import spreadsheet.

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Updated ACA Deadlines Announced for TY 2015

Calendar

On December 28th, the IRS released updated ACA deadlines as follows: Deadline to distribute Form 1095-C to employees and covered individuals March 31, 2016 Deadline to paper file with the IRS May 31, 2016 Deadline to E-file with the IRS June 30, 2016 The IRS has also noted that extensions will not be available in … Read more

What is the Qualifying Offer Method?

Question on rock

The qualifying offer method is a more complex way of saying that the employer offers a health insurance plan that meets the minimum value requirement where the cost to the employee is less than 9.5 % of the federal poverty level. In addition to this, the employer must offer the plan to all members of the employee’s family (spouse and dependents) to be eligible to use this reporting method.

Employers that provide a Qualifying Offer all year long for their employees are eligible to use a special alternative employee statement.

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Preparing for Employer Shared Responsibility – TY 2015

Monthly budget

The Affordable Care Act  mandate specifies that employers must offer a majority of their employees affordable health coverage. For tax year 2015, you’ll need to calculate whether 70% of your full-time employees were covered. If you haven’t offered 70% of your eligible employees with affordable healthcare coverage, you may be subject to fines.

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