Video instructions and help with filling out and completing Who Form 1094 B Expertise

Instructions and Help about Who Form 1094 B Expertise

Music I'm sure you're all familiar with the affordable care act's employer shared responsibility requirements and we may see some relief from those rules and/or the reporting requirements later this year but until we do what should employers do now well employers need to continue moving forward with their reporting the deadline has been extended to March 2nd for providing the individual statements those are the forms 1095 B and C employers also need to file their 1094 S and 1095 s with the IRS by February 28th if they're filing by paper or April 2nd if they're filing electronically the IRS has extended their good faith standard for 2017 reporting now there are some employers who have received assessment letters for 2015 from the IRS and those assessments from what we've seen appear to be due to errors in reporting not because an employer failed to provide the correct coverage or coverage to enough employees with the exception perhaps of some small employers who may be really just didn't understand the rules so what's the takeaway for employers they really need to focus on accuracy you need to be careful when you're gathering data and completing your forms if your forms are not accurate you may get a letter from IRS at a later date assessing a penalty Music