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HR Compliance Tracker

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Big changes are happening in the realm of workplace compliance issues and labor laws in the United States. Noncompliance with government regulations can have serious consequences—and can cost your business big time. Keep up with what's happening between the government and the workplace with the HR Compliance Tracker: your go-to place to stay updated on some major workforce compliance issues.

 

IRS releases new draft Forms 1094 and 1095 for ACA reporting in 2018

The IRS recently released draft forms for ACA reporting on the 2017 tax year (due in 2018). See the draft forms from the IRS here:

Form 1094-C

Form 1095-C


Changes to Form 1094-C include the removal of line 22 Section 4980H Transition Relief. This relief applied to the 2015 plan year and remained on forms for the 2016 plan year due to some non-calendar plans that qualified for this relief. (Form 1094-B remains unchanged.)


The new  drafts of Form 1095-C and Form 1095-B include a new paragraph in the instructions entitled, “Additional information.” This section points form recipients to more resources located on the Affordable Care Act Tax Provisions for Individuals and Families page of the IRS website. This includes the IRS overview of provisions of individual shared responsibility, employer shared responsibility, and premium tax credits. This section also includes the number for the IRS Healthcare Hotline.


See the ACA 2018 reporting deadlines here.


Applicable Large Employers (ALEs) are responsible for filing Form 1094-C with the IRS and furnishing Form 1095-C with their employees. Read more about Form 1094-C instructions for employers and Form 1095-C instructions for furnishing and filing.

 

Topics: ACA, HR News