EBIA Weekly Newsletter

What Are the Deadlines for Forms 1094-C and 1095-C in 2018?    

   January 11, 2018

QUESTION: Our company is an applicable large employer (ALE) that sponsors a fully insured group health plan. We know we have to file Forms 1094-C and 1095-C for the 2017 calendar year. When are these forms due? ANSWER: ALEs must report to the IRS whether they offered their full-time employees and these employees’ dependents the … Read More

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 … Read More

IRS Announces Enhanced Security Processes for e-Services

   January 4, 2018

Important Update about Your e-Services Account (Dec. 8, 2017) Available at https://www.irs.gov/individuals/important-update-about-your-eservices-account The IRS has announced that, effective December 10, 2017, all e-Services users must register through a new, more rigorous identity-verification process called Secure Access. As background, e-Services refers to the IRS’s web-based tools that allow tax professionals and others … Read More

IRS Extends “Good Faith” Penalty Relief and Due Date for Furnishing 2017 Forms 1095-B and 1095-C to Individuals, But Not for Filing With IRS

   January 4, 2018

Notice 2018-06 (Jan. 8, 2018) Available at https://www.irs.gov/pub/irs-drop/n-18-06.pdf The IRS has issued Notice 2018-06 to announce limited relief for information reporting on Forms 1094 and 1095 for the 2017 tax year, mirroring guidance it provided for the 2016 tax year (see our Checkpoint article). Here are highlights: … Read More