ACA Reporting: Deadlines Loom as Employers Prep for ACA Reporting in 2020

Year-end processing is quickly approaching, and with it comes the burden of Affordable Care Act (ACA) reporting. With so much information to gather, review, and report, ACA reporting can be a very stressful process.

Employers need to know what’s expected with the 1094-C, and 1095-C forms, along with the broader context of how the ACA provisions on employer shared responsibility payments (ESRPs) could apply to them.  

Even while the Supreme Court considers the fate of the Affordable Care Act, the employer mandate remains in effect, along with its onerous reporting requirements. As the IRS continues enforcing the mandate and assessing penalties, timely and accurate submittals are more crucial than ever. Employers need to know what’s expected with the 1094-C, and 1095-C forms, along with the broader context of how the ACA provisions on employer shared responsibility payments (ESRPs) could apply to them.

• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage
  
• Transmittal Form 1094-B to accompany Form 1095-B
• Update on California Vs. the United States (the Supreme Court case)
• Know which of these forms to file and when
• Anticipate the filing extensions and other relief the IRS might offer this year
• Navigate this year’s new fields and codes for individual coverage HRAs
• Take into account any state-specific reporting requirements such as New Jersey, D.C., and California
• Identifying full-time employees and how furloughs during the pandemic impacted the determination

Who Should Attend?

• Payroll Supervisors and Personnel
• Accounts Payable Supervisors and Personnel
• Public Accountants
• Internal Auditors
• Tax Compliance Officers
• Enrolled Agents
• Officers and Managers with Tax Compliance Oversight
• Company / Business Owners
• Managers/ Supervisors
• Public Agency Managers
• Audit and Compliance Personnel / Risk Managers