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ACA_YEAR_END_CHANGES...nobody
ACA_YEAR_END_CHANGES

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At line 1 changed one line
!!!ACA 2018 YEAR END CHANGES
!!!ACA 2019 YEAR END CHANGES
At line 3 changed 3 lines
__Government Websites__\\
2018 Instructions for Forms 1094C ad 1095C: \\
https://www.irs.gov/pub/irs-pdf/i109495c.pdf \\ \\
!Government Websites
At line 7 changed 2 lines
__2018 1095C Form:__\\
https://www.irs.gov/pub/irs-pdf/f1095c.pdf\\ \\
!2019 Instructions for Forms 1094C ad 1095C
[https://www.irs.gov/pub/irs-pdf/i109495c.pdf]
\\ \\
!2019 1095C Form
[https://www.irs.gov/pub/irs-pdf/f1095c.pdf]
\\ \\
!2019 1094C Form
[https://www.irs.gov/pub/irs-pdf/f1094c.pdf]
\\ \\
!Affordable Care Act Information Returns (AIR) Program
[https://www.irs.gov/e-file-providers/air/affordable-care-act-information-return-air-program]
\\ \\
!Questions and Answers about Information Reporting 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]
\\ \\
!Affordable Care Act Information Returns Schemas and Business Rules
[https://www.irs.gov/e-file-providers/air/affordable-care-act-information-returns-schemas]
\\ \\
At line 10 changed 2 lines
__2018 1094C Form:__\\
https://www.irs.gov/pub/irs-pdf/f1094c.pdf\\ \\
!What's New for 2019
At line 13 changed 2 lines
__Affordable Care Act Information Returns (AIR) Program:__\\
https://www.irs.gov/e-file-providers/air/affordable-care-act-information-return-air-program\\ \\
Year changed on the Form 1095-C and Form 1094-C
At line 16 changed 2 lines
__Questions and Answers about Information Reporting 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 \\ \\
__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 19 changed 2 lines
__Affordable Care Act Information Returns Schemas and Business Rules:__\\
https://www.irs.gov/e-file-providers/air/affordable-care-act-information-returns-schemas \\ \\
__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 22 changed 2 lines
__What's New__\\
Year changed on the Form 1095-C and Form 1094-C \\ \\
__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 25 changed 3 lines
__Due Dates__\\
Forms 1095-C for the 2018 calendar year must be furnished by January 31, 2019.\\
Forms 1094-C and 1095-C are required to be filed by February 28, 2019, or April 1, 2019, if filing electronically.\\ \\
__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.
At line 29 removed 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 \\ \\
At line 33 removed 2 lines
__End of “Good Faith Effort”__\\
The IRS has not extended “good faith transition relief” for the 2018 reporting year and is not expected to do so. In previous reporting years, the IRS did not penalize employers for incorrect or incomplete 1095-C and 1094-C forms, as long as they were able to prove that a “good faith” effort was made to comply with the ACA requirements.
This page (revision-14) was last changed on 26-Nov-2021 10:22 by Meg McFarlandTop