EBIA Weekly Newsletter

EBIA’s Form 1094/1095 Workbook—Now Updated for 2017

   January 4, 2018

Reporting health coverage information on Forms 1094 and 1095 is still mandatory for 2017. The reporting obligations of employers and coverage providers are complex, and the potential penalties are large. Let EBIA help you get ready with our Form 1094/1095 Workbook for Employers and Advisors, which has now been updated for 2017.

The practical analysis in our Workbook is designed to help professionals understand who must file and which forms to use, along with what information must be compiled and how to report it. This comprehensive online resource has been updated to fully incorporate the 2017 forms and instructions and to explain the electronic filing requirements. The Workbook includes an FAQ section drawn from customer questions and IRS webinars, and we have updated and expanded our common reporting scenarios. We also cover the latest IRS extension of the deadline to furnish statements to employees and penalty relief for those who have made “good faith” compliance efforts.

This year’s edition contains a new section on the IRS process for assessing and collecting employer shared responsibility penalties for the 2015 tax year. We identify steps that ALEs can take to prepare for the possibility of receiving an assessment notice from the IRS and suggest possible strategies to reduce or eliminate proposed penalties. Order Today! You may also be interested in our webinar “Get Ready for Form 1094/1095 Reporting” (recorded on 11/15/2017).