Tax forms 1094-C and 1095-C for 2016 reporting are now available, per the Internal Revenue Service (IRS). Applicable large employers (ALE) must use these forms to share information to both the IRS and employees regarding compliance with the employer shared responsibility provisions and health coverage offered.
Links to ALE tax forms and instructions on the IRS website:
Is your company an ALE?
Do you have 50 or more full-time employees, including full-time equivalents (FTE)? If so, you are likely an ALE and subject to the terms mandated by the Affordable Care Act (ACA). These terms require either offering employees minimum essential coverage or making an “employer mandate” payment. If you are unsure of your current ALE status, please refer to the IRS website for guidelines.
It’s easy to determine your ALE status and other ACA requirements with the right tools. Read our article by Julie Lewis about My Workforce Analyzer, a Sage HRMS module that uses real-time data to help you stay compliant. Learn about My Workforce Analyzer for ACA Reporting
Deadlines for Applicable Large Employers
ALEs must submit a 1095-C for 2016 to all full-time employees by January 31, 2017.
ALEs must file a 1094-C and 1095-C with the IRS by February 28, 2017 (or March 31, 2017, if filing electronically).
Companies required to file form 1095-C for 250 or more employees must do so electronically.
Talk with a MicroAccounting representative to learn about software that can help you meet responsibilities mandated by the Affordable Care Act (ACA).