What is Forms 1094-C and 1095-C?
Forms 1094-C and 1095-C are essential documents for employers to report information about their employees’ health coverage, as mandated by the Affordable Care Act (ACA).
Benefits of Managing Forms 1094-C and 1095-C Responsibilities
Effectively handling these forms offers several advantages:
- Ensures compliance with ACA regulations and avoids penalties.
- Provides accurate records of employee health coverage for tax purposes.
- Streamlines the reporting process, saving time and effort for HR teams.
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Frequently Asked Questions
Q: What is the deadline for filing Forms 1094-C and 1095-C?
Forms must be filed with the IRS by the end of February (or end of March if filing electronically).
Q: Who is required to file these forms?
All Applicable Large Employers (ALEs) with 50 or more full-time employees are mandated to file Forms 1094-C and 1095-C.
Q: What information is reported on Form 1095-C?
Form 1095-C includes details about employee and employer coverage, including months of coverage and any applicable exemptions.
Q: How can HR teams simplify the filing process?
Utilizing dedicated ACA compliance software and maintaining accurate records throughout the year can streamline the filing process.
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