As if complying with the ACA wasn’t already tough enough, employers now face an updated set of forms, notices and penalties.
The Internal Revenue Service (IRS) released draft instructions for completing forms 1094-C and 1095-C on Aug. 2, 2016. The instructions will guide employers in completing revised draft Forms 1094-C and 1095-C, which were released by the IRS on July 7, 2016.
The good news is, you survived a lot of the Affordable Care Act’s (ACA’s) major changes. The bad news is, it’s not over yet.
Legal expert John Barlament will lead his next Alliance Learning Circle on the Affordable Care Act (ACA) and other compliance issues on Aug. 16. Barlament is a lawyer and partner with Quarles & Brady LLP, Milwaukee.
Employers should start preparing now to be ready for Affordable Care Act (ACA) reporting deadlines, with the first deadline on Jan. 31, 2016 for health benefit coverage provided in 2015.