No. It’s allowed, but definitely not required. An employer can send the 1095Cs to the IRS in batch. Each batch of 1095Cs must be accompanied by a 1094C and it needs to be noted on the 1094C how many 1095Cs are being submitted at the time and how many in…
Employer Reporting
While small groups that are not applicable large employers (ALEs) under the ACA do not have traditional reporting requirements, there are still some reporting obligations under other sections of the tax code, particularly for small employers with level-funded plans.
Are there penalties for failing to comply with ACA employer reporting requirements?
Yes, employers can face penalties for failing to comply with the ACA reporting requirements. This includes failing to file the required forms on time, filing incorrect or incomplete forms, or failing to furnish statements to employees. The penalty amounts can vary based on the nature and extent of the failure…
What is the deadline for employers to submit ACA reporting forms to the IRS and employees?
The deadline for employers to provide Form 1095-C to employees is generally January 31 of the year following the reported year. For submitting Forms 1094-C and 1095-C to the IRS, the deadline is February 28 if filing on paper, or March 31 if filing electronically. These deadlines are subject to…
What is the purpose of the ACA’s employer reporting requirement?
The annual employer reporting requirement under the Affordable Care Act is designed to ensure compliance with the Employer Mandate and to assist the IRS in administering the premium tax credits. Employers subject to the Employer Mandate are required to report information about the health insurance coverage they offer to their…