The Internal Revenue Service (IRS) recently updated the Affordable Care Act Tax Provisions question and answers pages on December 22, 2016. The pages that were updated include: Employer Shared Responsibility, Information Reporting by Employers on Form 1094-C and Form 1095-C and Information Reporting of Offers of Health Insurance Coverage by Employers (Section 6056).

 

The newly updated guidance answers many commonly asked questions; as well as providing the long overdue guidance on reporting COBRA coverage on Form 1095-C.

 

Employers and taxpayers may view any of the IRS ACA questions and answers using this link: https://www.irs.gov/affordable-care-act/affordable-care-act-tax-provisions-questions-and-answers.

 

Direct links to the specific updated pages are provide below:

 

Employer Shared Responsibility: https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-employer-shared-responsibility-provisions-under-the-affordable-care-act

 

Information Reporting by Employers on Form 1094-C and Form 1095-C: https://www.irs.gov/affordable-care-act/employers/questions-and-answers-about-information-reporting-by-employers-on-form-1094-c-and-form-1095-c

 

 

Information Reporting of Offers of Health Insurance Coverage by Employers (Section 6056): https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-reporting-of-offers-of-health-insurance-coverage-by-employers-section-6056

 

 

Thank you for choosing Paylocity as your Payroll Tax partner. Should you have any questions please contact your Paylocity Account Manager.

 

This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.