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IRS Clarifies ACA Penalties & Releases Draft of Forms 1094 & 1095

Aca penalties

After the failure to repeal and replace the Affordable Care Act (ACA), the Internal Revenue Service (IRS) has recently confirmed which ACA penalties are still effective.

This confirmation comes after confusion over President Trump’s executive order directing federal agencies to provide relief from the burdens of the ACA. An executive order does not change the current law. The law cannot be changed unless it’s passed through Congress. So schools, cities, and counties must continue to follow all ACA rules, reporting requirements, and pay penalties (if applicable).

Download this bulletin to learn more.

In addition, the IRS also released draft versions of ACA reporting Forms 1094 and 1095 for the 2017 tax year. Forms 1094-B and 1095-B are used to report health plan enrollment. Forms 1094-C and 1095-C are used by ALEs to report about employer shared responsibility. Minor changes were made. Final versions of the forms will be released in the next few weeks.


National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Bill Enright

Bill Enright

Bill Enright believes in bottom-line honesty while empowering his customers with the knowledge they need to feel confident in their decisions. He is a 30+ year veteran with employee benefits expertise from insurance carrier to benefits consultant. Bill has been published on the topic of healthcare reform and has served on advisory committees and insurance reform lobbying groups at the state and national level. As an Employee Benefit Consultant in the Midwest Region, Bill will be working with both public and private sector schools, cities, and counties in Wisconsin. He is a licensed insurance agent and is a Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters).