Can Form 1094 B Sponsored 2023-2024

Hello, this video is about the 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 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, 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 the 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 check on line 19 is checked, indicating that the 1094-C 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...