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How to prepare Form 1094-B

Open the Form 1094-B
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About Form 1094-B

Form 1094-B, also known as the Transmittal of Health Coverage Information Returns, is a document required by the Internal Revenue Service (IRS) in the United States. It is used by entities that offer minimum essential health coverage to individuals under the Affordable Care Act (ACA). Form 1094-B acts as a cover sheet for Form 1095-B, which is provided to individuals who have been provided with the health coverage. It is used to summarize and transmit the information reported on the individual forms. Entities that need to file Form 1094-B include insurers, self-insured employers, government agencies, and other providers of minimum essential health coverage. This form is necessary for the entities to complete their ACA reporting obligations and help the IRS administer the individual shared responsibility provisions and premium tax credits. Furthermore, Form 1094-B is filed by the responsible entity on behalf of all individuals enrolled in the coverage, including the primary policyholders and any dependents or covered individuals. It is typically filed annually, alongside the related Form 1095-B, by the required deadline provided by the IRS.

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How to complete a 1094 B?

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Become independent with digital forms

At times, you can't reach the IRS offices during functioning time. Furthermore, they may be closed in a condition of unexpected emergency (due to quarantines, mass protests, and so on.) and even do not take paper files. To protect yourself from fees and penalties and additional obligations, it is recommended to file all tax reports by the timeline regardless of additional events unless otherwise is supplied by IRS representatives. To get this chance, think about submitting your Form 1094-B digitally.