ACA: IRS Releases Draft Employer Mandate Guidance
The Internal Revenue Service recently posted draft instructions for forms relating to the employer mandate, as well as drafts of the forms themselves. The instructions have been delayed on several occasions.
Once finalized, the instructions and forms will be used by employers to report on health coverage offered to employees.
The following draft forms were released last month but with no instructions:
- Form 1094-B Transmittal of Health Coverage Information Returns
- Form 1095-B Health Coverage
- Form 1094-C Transmittal of Employer Provided Health Insurance Offer and Coverage Information Returns
- Form 1095-C Employer-Provided Health Insurance Offer and Coverage
In accordance with the IRS’ normal process, the agency is providing the draft forms to help stakeholders, including employers, tax professionals and software providers, prepare for the new reporting provisions and to invite stakeholder comments.
The IRS invited public comment on the draft instructions.