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Video instructions and help with filling out and completing Can Form 1094 B Preparation

Instructions and Help about Can Form 1094 B Preparation

Hello, this video is about Affordable Care Act reporting filing form 1094 C. I will cover the purpose of form 1094 C and walk through each of the four parts of form 1094. In this video, the purpose of form 1094 C is to report to the IRS summary information for each employer and to transmit forms 1095-c to the IRS. Also, the purpose of form 1094 C is to determine whether an employer owes an employer shared responsibility payment. Let's look at form 1094 C on the following slides. You will notice areas on the form circled in red. These circled areas indicate items that change from 2015. Starting with Part 1, the applicable large employer's name, employer identification number, and address should be entered on lines one through six. An applicable large employer, or ALE, is an employer that employed an average of at least 50 full-time employees, including full-time equivalent employees, during the preceding calendar year. The name and telephone number of a person that IRS can contact if they have questions about the 1094 C or corresponding 1095-c forms should be entered on line seven and eight. Lines nine through sixteen are only completed if a designated governmental entity or DGE is filing on behalf of the applicable large employer. Otherwise, these lines may be left blank. A DGE is a governmental unit that has been delegated reporting responsibilities of another governmental unit. On line 18, enter the total number of 1095-c forms submitted with the 1094 C, and on line 19 indicate if this 1094 C is the authoritative transmittal. If this 1094 C is not the authoritative transmittal, complete the signature portion of the form and skip parts two, three, and four. If you indicated on line 19 that the 1094 C is the...