This page (revision-14) was last changed on 26-Nov-2021 10:22 by Meg McFarland

This page was created on 26-Nov-2021 10:22 by mmcfarland

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Version Date Modified Size Author Changes ... Change note
14 26-Nov-2021 10:22 2 KB Meg McFarland to previous
13 26-Nov-2021 10:22 2 KB Meg McFarland to previous | to last
12 26-Nov-2021 10:22 2 KB Meg McFarland to previous | to last
11 26-Nov-2021 10:22 2 KB Meg McFarland to previous | to last
10 26-Nov-2021 10:22 1 KB Meg McFarland to previous | to last
9 26-Nov-2021 10:22 1 KB Meg McFarland to previous | to last
8 26-Nov-2021 10:22 1 KB Meg McFarland to previous | to last
7 26-Nov-2021 10:22 2 KB mmcfarland to previous | to last
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5 26-Nov-2021 10:22 2 KB mmcfarland to previous | to last
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2 26-Nov-2021 10:22 1 KB mmcfarland to previous | to last
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At line 23 changed 2 lines
* Year changed on the Form 1095-C and Form 1094-C \\
* 1095C and 1094C will no longer include employees who were not full-time employees in any month of the year and were not enrolled in an ACA benefit plan. \\ \\
Year changed on the Form 1095-C and Form 1094-C
At line 26 changed 3 lines
__Due Dates__\\
Forms 1095-C for the 2019 calendar year must be furnished by January 31, 2020.\\
Forms 1094-C and 1095-C are required to be filed by February 28, 20209, or April 1, 2020, if filing electronically.\\ \\
__Extension of due date for furnishing statements.__
*The due date for furnishing Form 1095-C to employees is extended from January 31, 2020, to March 2, 2020.
*See Notice 2019-63 and Extension of Time To Furnish Statement to Recipients.
\\
At line 30 changed 3 lines
__Affordability Percentage Threshold__\\
References to 9.5% in the section 4980H affordability safe harbors and Qualifying Offer Method are applied based on the percentage as indexed for purposes of applying the affordability thresholds under section 36B (the premium tax credit). The percentage, as adjusted, is 9.69% for plan years beginning in 2017, and 9.56% for plan years beginning in 2018.\\ \\
Note: 9.86% for plan years beginning 2019 \\ \\
__Relief for failure to furnish statements to certain employees enrolled in self-insured health plan.__
*The IRS will not impose a penalty for failure to furnish Form 1095-C to any employee enrolled in an ALE member's self-insured health plan who is not a full-time employee for any month of 2019 if certain conditions are met.
*See Notice 2019-63 and Information Reporting Penalties.
\\
At line 35 added 4 lines
__Extension of good faith relief for reporting and furnishing.__
*The IRS will not impose a penalty for failure to file Form 1095-C with the IRS or failure to furnish Form 1095-C to employees if you make a good faith effort to comply with the information reporting requirements.
*See Notice 2019-63 and Information Reporting Penalties.
\\
At line 40 added 3 lines
__Affordability Percentage Threshold__
References to 9.5% in the section 4980H affordability safe harbors and Qualifying Offer Method are applied based on the percentage as indexed for purposes of applying the affordability thresholds under section 36B (the premium tax credit).
*The percentage, as adjusted, is 9.56% for plan years beginning in 2018, and 9.86% for plan years beginning in 2019.
This page (revision-14) was last changed on 26-Nov-2021 10:22 by Meg McFarlandTop