Employers with 50 or more full-time employees (including full-time equivalents) in the preceding calendar year are required to submit 1094-C and 1095-C forms to the IRS. The 1094-C form provides summary information for each employer and the form 1095-C provides report information on each employee. These forms are used to determine if an employer is liable for payment under the employer shared responsibility provisions of the Affordable Care Act. Form 1095-C is also used by the IRS and the employee to determine the eligibility of the employee for premium tax credits.
2016 Tax Year Deadlines:
January 31, 2017 – Forms 1095-B & 1095-C due to employees.
February 28, 2017 – Forms 1094-B & 1094-C due to IRS if filing on paper.
March 31, 2017 – Forms 1094-B & 1094-C due to IRS if filing electronically.