Can Form 1094 B Provisions 2022-2023

Hello welcome to this short video on reporting by employers on Form 1094 C and 1095 see my name is Rhonda Houchins I am a manager with Hargis & Associates a certified public accounting and consulting firm our firm specializes in providing accounting billing and consulting services to long term care facilities for a more detailed list of our services please visit our website at WWF and associates com our contact information will be provided at the conclusion of this video we are going to discuss the basics of employer reporting including what forms must be filed with the IRS what is the purpose of the forms who must file the forms when and where to file the forms and what information goes on the forms the Affordable Care Act added to employer reporting requirements to the Internal Revenue Code taking effect 4 2023 code sections 60-56 and 6055 information reporting under Section 60 56 is first required in early 2023 for calendar year 2023 section 60-56 requires applicable large employers to provide an annual statement to each full-time employee that reports the health insurance coverage offered to them as well as the employer filing information returns to the IRS Code section 6055 was voluntary for coverage providers in calendar year 2023 but its first required in early 2023 for calendar year 2023 section 6055 requires employers that for bad minimum essential coverage under a self-funded plan to provide an annual statement to covered employees the IRS has issued forms 1094 c and 1095 see to satisfy the filing requirements of sections 60-56 and 6055 on fab retention treasury issued final regulations on the employer shared responsibility provisions under section 49 a th of the Internal Revenue Code if employers subject to these provisions do not offer affordable health coverage...