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 see 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 IRS also the purpose of form 1094 c is to determine whether an employer owes and 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 employers name employer identification number and address should be entered on lines one through six in applicable large employer or Al e 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 entered 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 authoritative transmittal then you must complete parts two three and possibly part four on line twenty enter the total number of 1095-c forms filed on behalf of the applicable large employer for example let's say that the employer submits matches a form 1095-c s2i rs.50 1095-c forms are submitted in the first batch and 75 forms are submitted in the second batch with the authoritative 1094 see in this case 50 would be entered on line 18 on the non-authoritative transmittal for the first batch and 75 would be entered on line 18 on the authoritative 1094 see in addition to entering 125 on line 20 on the authoritative transmittal because the total of the two batches equals 125 1095 forms on line 21 indicate whether the AoE is a member of the aggregated a le group an aggregated a li group is two or more companies that have a common owner or are otherwise related lastly check any boxes on line 22 if the a le meets the eligibility requirements and is using one of the offer methods and/or qualifies for transition relief since line 22 can be confusing let me walk through each of the check boxes on this line box a is for the qualifying offer method in order to check this box the employer must certify that it made a qualifying offer to one or more full-time employees for all months in which the employee was a full-time employee for whom the employer shared responsibility payment could apply box B is no longer applicable for tax year 2016 and is now marked reserved for tax year 2016 reporting black C may only be checked if the AL e has a non calendar year plan there are two types of relief related to box C and for tax year 2016 the relief is only for the months in 2016 that fall in the 2015 plan year the first type of relief is known as the 50 to 99 transition relief to certify that the employer is eligible for this relief it must have had 50 to 99 full-time equivalent employees in 2014 not reduce its workforce or overall hours of service of its employees and not materially reduce or eliminate health coverage the second type of relief is known as the hundred or more transition relief in this case the employer must have had 100 or more full-time equivalent employees 20:14 and is subject to a penalty under Section 49 a th a it is in the a Ellie's best interest to check back see if they qualify for either type of relief because it will reduce or eliminate a potential penalty - checkbox D the employer must certify that it offered for all months affordable health coverage providing minimum value to at least 98 percent of its employees for whom it is filing form 1095-c and offered minimum essential coverage to those employees dependents now let's move on to part three of form 1094 C for column a which is the minimum essential coverage offer indicator check yes if at least 95 percent of the full-time employees and their dependents were offered minimum essential coverage do not include those employees in a limited non assessment period be sure to check the 1094 C instructions for any exceptions to this rule in column B section 49 a th full-time employee count for a le member enter the number of full-time employees for each month not including any employee in a limited non assessment period when counting the number of full-time employees be sure to use the ACA definition of a full-time employee which is one who is employed an average of at least 30 hours per week or 130 service hours per month for column C enter the total employee count for the month this count should include full-time employees nine full-time employees and employees in a limited non assessment period if line 21 unformed 1094 C is checked yes indicating that you were a member of an aggregated al e group check the months in column D for each month you are a member of an aggregated ailee group if box C on line

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