Draft Forms for 2018 ACA Reporting Available

 August 31 2018     Diane Cross

With the Affordable Care Act's reporting requirements (under Internal Revenue Code Sections 6055 and 6056) on the horizon, the IRS has released draft forms for reference.  While employers should become familiar with any revisions to the draft forms, the draft forms are provided as a courtesy and are not to be used or relied upon with filing. 

Draft Forms:

Employers will notice that there are few changes from the final 2017 version.  Of note, the draft for 2018 clarifies that the “Plan Start Month” box in Part II of Form 1095-C continues to be optional for 2018 reporting (the IRS previously indicated that this box may have been mandatory for the 2018 Form 1095-C).  Once the 2018 draft instructions are released, there may be additional clarifications. 

As a reminder, Form 1095-C (or 1095-B if applicable) must be delivered to employees by January 31, 2019, and Forms 1094-C and 1095-C (or 1094-B and 1095-B if applicable) due to the IRS by February 28, 2019 if paper filing or April 1, 2019 if electronic filing.  Paper filing is only available for employers with fewer than 250 returns.  Please contact your HORAN representative with questions.