IRS Releases Draft Forms for Employer Reporting of Health Coverage

Quick Facts

  • On July 24, 2014, the IRS released draft forms for Code Section 6055 & 6056 reporting.
  • Draft instructions are expected to be posted to IRS.gov in August.
  • These forms are draft versions only, and should not be filed with the IRS.
  • Both the forms and instructions will be finalized later this year.

 

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees...Read More