The deadline for filing the employee copies of the new ACA Forms 1094 and Forms 1095 is March 31, 2016!
If you are an employer with at least 50 full-time employees, including full-time equivalent employees, you need to complete a Form 1095-C for each full-time employee and a Form 1094-C transmittal. Remember to look at entities under common ownership when counting full-time employees and full-time employee equivalents to see if you are subject to this filing requirement!
If you are an employer with less than 50 full-time employees but you have a self-insured health plan, you need to complete a Form 1095-B for every covered employee and complete a Form 1094-B transmittal.
The forms are complicated and will take some time to complete. If you are preparing in-house and have not started the process, you cannot put off any longer or you may miss the deadline and incur penalties!
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Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.