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

Instructions and Help about Can Form 1094 B Sponsored

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 C in this video the purpose of form 10 94c is to report to the IRS summary information for each employer and to transmit forms 1095-c to IRS also the purpose of form 1080 4c is to determine whether an employer owes an employer shared responsibility payment let's look at form 1094 see starting with part 1 the applicable large employers name employer identification number and address should be entered on lines one through six an 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 government 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 the box on line 19 is checked indicating that the 1084 see is the authoritative transmittal then parts 2 3 and possibly part 4 must be completed on line 20 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 two batches of form 1085 seized to the IRS 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 c in addition to entering 125 on line 20 on the authoritative transmittal because the total of the two batches equals 125 1095-c forms on line 21 indicate whether the employer is a member of an 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 box on line 22 if the a le meets the eligibility requirements and is using one of the offer methods 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 an employer shared responsibility payment could apply box B is no longer applicable and is marked reserved see is also no longer applicable and is marked reserved to checkbox D the employer must certify that it offered for all months affordable health coverage providing minimum value to at least 98% 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 see her column a which is for the minimum essential coverage offer indicator check yes if at least 95% 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 see 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 on average at least 30 hours per week or 130 service hours per month per column C enter the total employee count for the month this count should include full-time employees non full-time employees and employees in a limited non assessment period if line 21 inform 1094 C is checked yes indicating that the employer was a member of an aggregated al e group check the months in column D for each month the employer was a member of an aggregated ailee group lastly if the employer is a member of an aggregated al e group by checking yes on line 21 the employer is also required to complete part four of form 1094 c which is the listing of the other ala members of an aggregated al e group in part four enter the name and employer identification number of up to thirty of the other aggregated al e members not including the reporting a le member file at yearly calm are called to speak with an ACA filing expert at eight hundred nine six eight ten ninety nine thank you