ACA Reporting Forms Justin Knight.

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Presentation transcript:

ACA Reporting Forms Justin Knight

(402) 570-9472 Questions or Technical Issues

Today

1/20/17 Inauguration Today

1/20/17 Inauguration Today 1/31/17 1095-C to Employees

3/2/17 1095-C to Employees 1/20/17 Inauguration Today

Today 3/2/17 1095-C to Employees 1/20/17 Inauguration 2/28/17 3/31/17 1095-C to IRS (paper) 3/31/17 1095-C to IRS (electronic)

The Forms > 50 FTE Including 50-99

The Forms 1094-C 1095-C

1094-C

1094-C

1094-C

1094-C

1094-C

1094-C

1094-C Number of full-time employees

1094-C

1094-C

1094-C Number of full-time employees

1094-C

1094-C

1094-C

1094-C

Line 22: A (QOM) At least 1 full-time EE For all months that penalty could apply < $94.05 per month

Line 22: A (QOM) Fed. Pov. Line: $11,880 Divided by 12 Multiplied by 9.5% = $94.05

Line 22: C (TR) Probably only the 50-99 districts

Line 22: D (98%) All months (except meas. period) Affordable coverage to 98% of FT EE’s

1094-C

1094-C

1094-C 95% FT Each month TR counts as “yes”

1094-C

1094-C

1094-C

1094-C

1094-C Not required if 98% Method Line 22, Box D

1094-C

1094-C 1st day month 12th day month Last day month 1st day payroll Last day payroll

1094-C

1094-C

1094-C A: 50-99 B: 100+

1094-C 50-99 Districts: Enter “A” for January through August

1094-C

1095-C

1095-C

1095-C

Only FT Employee during any month 1095-C Only FT Employee during any month

1095-C

1095-C

1095-C

1095-C

1095-C

1095-C

1095-C

1095-C

1095-C 1A: QO 1E: Offer, but not QO 1H: No Offer

1095-C 1I: Transition Relief - Removed 1J: Conditional Offer 1K: Conditional Offer”

1095-C 1A: QO 1E: Offer, but not QO 1H: No Offer

1095-C

1095-C v. 2016 2015

1095-C Employee share of: Lowest cost, employee-only health insurance

1095-C

1095-C 2A: Not employee on any day of month

1095-C 2B: Not full-time employee OR full-time employment ended

1095-C 2C: Enrolled in coverage

1095-C 2D: In measurement period

1095-C 2F: Form W-2 Safe Harbor

1095-C 2G: FPL Safe Harbor

1095-C 2H: Rate of Pay Safe Harbor

Employment Terminated Employment Continues Line 14 1H 1B/1E/Etc. Line 16 2A/2B 2B 1095-C

1095-C

Penalties? Forms

Penalties: $260 per form (1094-C) Forms

Penalties: $260 per form (1094-C) $260 per form (1095-C) Forms

Forms Penalties: $260 per form (1094-C) $260 per form (1095-C) “Good Faith” Defense Forms

Providing to Employees: Forms

Providing to Employees: Mail Hand-Deliver Forms

Providing to Employees: Mail Hand-Deliver Email (w/ consent) Forms

Need more time: Forms

Forms Need more time: Automatic 30-Day Ext. (Form 8809) Not for 1095-C to EE’s Forms

Software companies: Forms

Software companies: Be prepared Plan ahead Forms

Questions?

ACA Reporting Forms Justin Knight