Can Form 1094 B Upgrade 2024-2025

Good morning, everyone. Welcome to the Miller Johnson webinar update for employers on the new ACA section 6055 and 6056 reporting requirements. My name is Mary Bauman, joining me on this call today is Tripp van der Waal, another attorney in our employee benefits practice group. Good morning, Trip. Good morning, Mary. We're going to try to get along this morning and hopefully we won't be in any arguments along the way. I don't think we will. Do you think so, Trip? I hope I'm not planning then. Okay, here's a few housekeeping matters before we get going this morning. First of all, all of your lines are muted. You can submit questions via the questions feature on your dashboard. We are going to answer questions, but not until the end of the presentation as time permits. And then I should also mention that the slides that you are seeing this morning, along with a recording link, will be made available following our webinar. Some of you on the call today may be interested in the HRCI continuing education credits. This webinar has been approved for 1.5 credits. The only catch is you can get an approval letter emailed to you provided that you remain logged in to the entire webinar for the entire duration. So that's the string that's attached there. And with that, we're going to get going. So, the final reporting regulations... how does this all work? Well, the individual mandate penalty, as you may recall, took effect last year. That's the requirement that all individuals are enrolled in minimum essential coverage or pay a penalty. And the employer-play penalty, which takes its impacts large employers, takes effect beginning this year. And then beginning next year, the IRS is going to require employers to report in order...