The IRS has released final 2016 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056.
- Forms 1094-B and 1095-B (released Sept. 26, 2016) are used by entities reporting under Section 6055, including self-insured plan sponsors that are not applicable large employers (ALEs)
- Forms 1094-C and 1095-C (released Sept. 30, 2016) are used by ALEs reporting under Section 6056, and by ALEs that sponsor self-insured plans reporting under combined Sections 6055 and 6056
Only minor changes were made to the forms, including the addition of two new “Offer of Coverage” codes for use on Form 1095-C. The instructions also contain some new clarifications to existing rules, including changes for certain transition relief provisions that are no longer available, or only available for certain months in 2016, and language relating to affordability rules and COBRA coverage.
Additional information can be found in this legislative guide:
Final Forms for ACA Reporting Released