Benefits Blog

 

IRS Releases Final Forms and Instructions for 2018 ACA Reporting


Posted On 11/14/2018
Brought to you by:
http://www.ubabenefits.com United Benefit Advisors (317) 705-1800 support@ubabenefits.com

By Karen Hsu, Director of Compliance at United Benefit Advisors

The Internal Revenue Service (IRS) released instructions for both the Forms 1094-B and 1095-B and the Forms 1094-C and 1095-C and Forms 1094-B, 1095-B,1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to Forms 1095-B and 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name. 

Reporting will be due early in 2019, based on coverage in 2018. For calendar year 2018, Forms 1094-C, 1095-C, 1094-B, and 1095-B must be filed by February 28, 2019, or April 1, 2019, if filing electronically. Statements to employees must be furnished by January 31, 2019.

All reporting will be for the 2018 calendar year, even for non-calendar year plans.

Read more about the final forms and instructions.

The cost for webinars is $200.  Please contact LMBCo to obtain a discount code.  LMBCo has a limited number of “free” seats. 
If no free seats are available, LMBCo has codes to reduce the cost by $50 (to $150 total).