The longevity of the Affordable Care Act (ACA) has likely created a level of uncertainty within your organization over the last year. However, as negotiations continue to unfold employers should be aware that Affordable Care Act reporting obligations are still in effect for the 2017 year-end tax season. All Applicable Large Business Employer and Third Party Administrators must still provide ACA reporting requirements in 2018 for the previous tax year. Any organization that fails to file will face severe ACA filing penalties. This is what employers need to know about ACA reporting requirement in 2018.
ACA Reporting Requirements 2018
ACA Reporting Deadlines 2018:
Recipient Deadline: Friday, March 2, 2018
Paper Filing Deadline: Wednesday, February 28, 2018
Electronic Filing Deadline: Monday, April 2, 2018
ACA Form 1095-C
All Form 1095 recipient copies must be completed, stamped, and mailed out by March 2, 2018, which is just two weeks away.
This is an extension of the original deadline, as the recipient copies are mailed out by January 31. However, for the 2017 tax year, you will have until March 2, 2018. This extension does not include the deadline for filing 2017 ACA information returns to the IRS.
Employees use the Affordable Care Act Form 1095-C, the Employer-Provided Health Insurance Offer and Coverage Information Returns, to complete their federal and state tax returns.
What are the 2018 ACA reporting Requirements for Form 1095-C?
- Employee ID Numbers
- Social Security Number Of Employee and Dependents (Spouses not included)
- Proof of Minimum Essential Coverage (MEC)
ACA Form 1094-C
ACA Form 1094-C serves as proof that Applicable Large Employers and Third Party Administrators were compliant according to ACA regulations and the Employer Shared Responsibility Mandate. As an ALE or TPA, you are required to reporting information about whether you offered affordable minimum essential health coverage and enrollment to eligible full-time employees.
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