Employers must remember their Affordable Care Act (ACA) obligations even during the COVID-19 pandemic. Form 1094-B/C must be transmitted to the IRS by March 31, 2021. This due date has not been included in recent timeframes extensions.
Employers subject to the employer shared responsibility provisions of the Affordable Care Act should have distributed their 1095 Forms to full-time employees and covered individuals. After the Form 1095 distribution, the shift in focus turns toward transmitting ACA information to the IRS.
The IRS is informed of coverage and offers of coverage through the transmission of Form 1094. Form 1094 is in most cases an electronic transmission to the IRS that includes all data provided on Form 1095. Form 1094 electronic transmissions for the 2020 calendar year must be completed by March 31, 2021.
Each employer in a controlled group must transmit its own Form 1094. While employers may transmit multiple Form 1094s, one form from each employer must be marked as the authoritative transmittal.
If an employer has 250 or more 1095 Forms, the 1094 transmission must be made electronically. For employers with fewer than 250 1095 Forms, the 1094 may be mailed to the IRS in a flat envelope.
If you use BAS for Affordable Care Act data collection and reporting, we are prepared to transmit your 1094 forms to the IRS by the March 31, 2021 deadline. For more information about BAS’ ACA Data Collection and Reporting Services, contact your account manager or solutions@BASusa.com.
