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The Internal Revenue Service (IRS) has released the final forms and instructions for 2019 reporting under Sections 6055 and 6056.
- 2019 Forms 1094-C and 1095-C (and related instructions) are used by applicable large employers (ALEs) to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.
- 2019 Forms 1094-B and 1095-B (and related instructions) are used by entities reporting under Section 6055, including self-insured plan sponsors that are not ALEs.
The 2019 forms and instructions are substantially similar to the 2018 versions. Note that Section 6055 reporting is still required, despite the fact that the individual mandate penalty is $0, although transition relief from penalties is available in certain circumstances.
Employers should become familiar with these forms and instructions in preparation to use them for reporting for the 2019 calendar year. Individual statements must be provided by March 2, 2020 and returns must be filed by February 28, 2020 (paper version) or March 31, 2020 (filed electronically).
For more information, download the bulletin or contact your NIS Employee Benefit Consultant.
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.
