health decisions webinar: aca irs reporting -- who reports what?
TRANSCRIPT
Presenter:
Monika BlazeskiMarch 30, 2015
IRS Reporting1094/1095
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About Health Decisions, Inc.
Pioneering Specialists inPioneering Specialists in
Group Health CareGroup Health Care
Post-Payment AdministrationPost-Payment Administration
For Over 25 YearsFor Over 25 Years
RespectRespect for Existing Procedures for Existing Procedures
EmphasisEmphasis on Customization on Customization
FocusFocus on Solutions on Solutions
Customer Philosophy
Orientation to Today’s Topic
IRS Reporting -- 1094/1095
•Not a Legal or Tax Professional Opinion
•What gets reported on each form
•Who has to do the reporting
•When does the reporting have to get done
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Overview- 6055/6056
- 6055: “Every person who provides minimum essential coverage to an individual during a calendar year shall… make a return”
- 6056: “Every applicable large employer required to meet the requirements of section 4980H with respect to its full-time employees during a calendar year shall… make a return”
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When to File
• To Employees:– January 31 of the next year
(January 31, 2016 reporting on 2015 coverage)
• To IRS: – If <250: March 31 of the next year
(March 31, 2016 reporting on 2015 coverage)
– If 250+: end of February of the next year
(February 29, 2016 reporting on 2015 coverage)
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Past Webinars Available
http://www.healthdecisions.com/blog
Si’s Library
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