Now that 1095 Forms have been furnished to employees and covered individuals, focus turns toward IRS transmissions. Forms 1094-B/C for the 2022 calendar year must be transmitted to the IRS by March 31, 2023.
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. Each employer in a controlled group transmits 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, BAS is prepared to transmit 1094 forms to the IRS by the March 31, 2023 deadline. For more information about BAS’ ACA Data Collection and Reporting Services, contact your account manager or solutions@BASusa.com.
