Are you Aware of ACA Filing Dates for Tax Year 2017?
ACA Filing and Reporting Deadlines for Tax Year 2017
The first form due for ACA tax year 2017 is the Form 1095-C, due to employees by Wednesday, January 31, 2018. Employers are still responsible for filing copies of Form 1095-C with the IRS by Wednesday, Feb. 28, 2018 if filing by paper or Monday, Apr. 2, 2018, if filing electronically.
On Form 1095-C employers must report:
- Proof of Minimum Essential Coverage (MEC)
- Employee ID number
- Social security numbers of the employee and his/her dependants (not spouse).
Form 1095-C helps employees complete their individual tax returns by providing important information regarding their health coverage for the previous calendar year.
Under Code sections 6055 and 6056 of the PPACA, ALEs (Applicable Large Employer’s) must use Form 1094-C to report required information about whether or not the employer offered affordable minimum essential health coverage and enrollment in minimum essential health coverage for eligible employees.
Any applicable large employer who is filing more than 250 of any type of form MUST file electronically. If you will be filing less than 250 forms, paper filing is accepted, though the IRS strongly encourages electronic filing. Form 1094-C must be sent to the IRS (by mail) no later than Feb. 28, 2018 or electronically by Apr. 2, 2018.
Download our free ACA Year-End Checklist for an overview of the most critical year-end ACA processes that must be completed to be in compliance with the PPACA, including the steps to take if your organization receives IRS Letter 226J.