From the Hotline: Employer Reporting Requirements under ACA

Question: What are the employer reporting requirements for the 2015 Employer Shared Responsibility Payment under Section 6056?

Answer: The Affordable Care Act (ACA) includes several new reporting requirements under the Internal Revenue Service (IRS) tax codes.

Section 6056 requires employers to report information to the IRS about their compliance with the employer shared responsibility provisions, including the type of health care coverage offered to employees.

Reporting includes:

  • Information about the employer offering coverage (including contact information and the number of full-time employees).
  • For each full-time employee, information about the coverage (if any) offered to the employee by month, including the lowest employee cost of self-only coverage offered.

The regulations provide for each applicable large employer to file a Section 6056 return with respect to its full-time employees. The IRS Form 1095-C (employee statement) and a Form 1094-C (transmittal) are the proposed designated forms to be used for Section 6056 reporting.

At this time, these forms are not available from the IRS, as the reporting takes effect for tax year 2015.

Resources: www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-for-Large-Employers