IRS releases final 2015 forms and instructions for reporting health care information under the ACA

Tax Hot Topics: ACA final 2015 formsThe IRS recently released final 2015 forms that employers will use to report on health coverage they offer to their employees. These new reporting requirements, which are effective for the 2015 calendar year and thereafter, were added by the Affordable Care Act (ACA). These requirements are in addition to the requirement already in effect to report the cost of health insurance on Form W-2.  

Applicable large employers (with 50 or more full-time and full-time equivalent employees in the preceding calendar year) will use Form 1094-C and Form 1095-C to satisfy reporting requirements under Sections 6055 and 6056.  

Health insurance companies will use Form 1094-B and Form 1095-B to satisfy the Section 6055 reporting requirements. The instructions to Forms 1094-B and 1095-B are available here. The instructions to Forms 1094-C and 1095-C can be found here.

Eddie Adkins
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