Taxes

IRS Releases Final ACA Reporting Forms

October 9, 2016

The IRS has released the final 2016 ACA reporting forms. What you need to know about the new forms and the deadlines for filing.

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You may feel like you’re just finishing up filing for 2015 but IRS reporting is just around the corner. If you would like TLC to track, report, and file all of the necessary ACA (Affordable Care Act) forms for your business, please email your payroll manager or admin@mytlcteam.com.

What You Need to Know

The IRS has issued their final ACA reporting forms for 2016. The 1094-B, 1094-C, 1095-B, and 1095-C are all available on the IRS’ website. In addition, instructions for filling out each of the B and C forms have been posted.

When to File

  • December 31, 2016: End of calendar year for reporting
  • January 31, 2017: Form 1095-C must be provided to individual participants on paper by mail or hand delivered, unless the employee has explicitly consented to receive the statement electronically
  • February 28, 2017: 1094-C and 1095-C forms filing due for employers filing on paper
  • March 31, 2017: 1094-C and 1095-C forms filing due for employers filing online

Please Note

The IRS will not grant automatic extensions this year as they did for 2015 filing. Extensions may be granted by completing Form 8809 on or before the due date and submitting on paper or through the FIRE system.

TLC’s ACA Monitor

Again, if you would like TLC to track, report, and file all of the necessary ACA forms for your business, please email your payroll manager or admin@mytlcteam.com.


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