Who Form 1094 B Pros 2022-2023

Instructions and Help about Who Form 1094 B Pros

Good morning everyone this med city CPA and today we're going to talk about the employer provided health insurance cut offer and coverage or the form 1095 see now this is part of our two-minute tax topic video where we try to go over a short small topic specific topic in two minutes or less before we get started I'm gonna go ahead and ask for you to go to hit subscribe please for the love of God hit that subscribe button I'm trying to get this channel up and going okay that's all I wanted to say so what happens if you receive a form 1095-c what should you do with it well and why are you receiving them what 1095-c is generally a form that you receive because you work for a large employer and what I mean by a large employer I it's like 50 or more employees that are saying hey we've covered you this is the employee this is the large employer and berth employer and here's all the covered individuals and here's how long they've been covered and it says right here in the instructions because your employer is a large subject to the large employer shared responsibility provision in the ACA so essentially just saying hey your employer gave you insurance so when you go ahead and fill out your tax return you might be asked did you have insurance the whole year well you could just take a look at this and say yeah I have or no I have it but it will most likely be a question on your tax term so keep this in your records so spend med City CPA please hit subscriber subscribe button below this has been going over the 1095-c have a good morning.