2015 ALE Healthcare Reporting: Guidelines and Deadlines
The IRS recently released 2015 draft instructions for businesses required to complete Affordable Care Act (ACA) compliance Forms 1094-C and 1095-C.
- The IRS requires “Applicable Large Employers” (ALEs) to complete Forms 1094-C and 1095-C.
- ALEs are defined as “any single employer, or group of employers treated as an Aggregated ALE Group, that employed an average of at least 50 full-time employees (including full-time equivalent employees) on business days during the preceding calendar year.”
- Details about employer requirements and form instructions are available here http://www.irs.gov/pub/irs-dft/i109495c–dft.pdf
Deadlines:
- For calendar year 2015, ALEs must file with the IRS Forms 1094-C and 1095-C by February 29, 2016 (if filing by paper) or March 31, 2016 (if filing electronically).
- Employers may receive a 30-day extension to these deadlines by filing Form 8809. More details are available in the draft instructions.
- The first Form 1095-C statement to employees must be provided no later than February 1, 2016. More details are available in the draft instructions.
- The IRS is expected to announce procedures for employers seeking an extension on the employee statement deadline.
Whalen & Company, CPAs is hosting a client workshop on this topic to guide business owners through 2015 Health Care reform legislation on Sept, 22, 2015 at 8:30 a.m.
Contact us to register for this workshop or with any questions you have about Forms 1094-C and 1095-C.