Podcast Center
Video Center
Webcasts
Resource Center
Events
November 13, 2015 at 11:31 AM
Officials at the Internal Revenue Service (IRS) might be thinking about postponing the Patient Protection and Affordable Care Act (PPACA) employer coverage reporting requirement, or providing some other kind of temporary relief.
Ed Fensholt, compliance services director at Lockton Companies, has given that assessment in a commentary on a survey form that has popped up for at least some IRS website visitors.
Through the Foresee survey form, the IRS asks visitors about their satisfaction with the Affordable Care Act Information Returns (AIR) Program on the IRS website.
Some survey respondents saw a question asking them to “rate how ready your organization is to fulfill the requirements for transmitting information returns (Forms 1094-C, 1095-C) to the IRS,” Fensholt writes.
Employers are supposed to send file 1095-C forms to employees by Jan. 31, 2016, and to file the forms with the IRS by March 31, to tell the IRS and employees about the coverage the employees were offered in 2015. Employers are supposed to use the 1094-C transmittal form to summarize the contents of the 1095-C forms.
See also: The PPACA employee-counting time sponge
Filers can get one extension without providing a reason, and a second extension if the provide a reason.
