Compliance Bulletin: Final Forms for 2018 ACA Reporting Released

Overview

In late Sept. 2018, the International Revenue Service, (IRS) released final 2018 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.

• 2018 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.
• 2018 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 2018 forms and instructions are substantially similar to the 2017 versions.

Action Steps

Employers should become familiar with these forms and instructions in preparation to use them for reporting for the 2018 calendar year. Individual statements for 2018 must be furnished by Jan. 31, 2019, and IRS returns for 2018 must be filed by Feb. 28. 2019 (April 1, 2019, if filed electronically, since Marth 31, 2019, is a Sunday).