Proposed IRS regulations, if finalized, would require more employers to file their 1094 Forms electronically.
IRS Form 1095-B/C is an Affordable Care Act form used to report health coverage and offers of health coverage information to employees. IRS Form 1094-B/C is an Affordable Care Act form used to transmit summary information for each employer to the IRS.
Presently, employers must file Form 1094-C electronically if they are required to file 250 or more information returns. The 250-or-more requirement applies separate to each type of form filed and separately for original and corrected returns. The proposed regulations decrease the threshold for electronic filing to 100 returns required to be filed during the 2022 calendar year and to 10 for returns required to be filed in calendar years after 2022. All forms would be aggregated in determining the number of form count (for example, Forms W-2 would be counted with Form 1095) and corrected returns would have to be filed in the same manner as original returns. A copy of the proposed regulation may be accessed by clicking here.
This proposed rule would significantly reduce the availability of an employer to provide Affordable Care Act information to the IRS in paper format. BAS files all ACA transmissions electronically. For more information about BAS’ ACA data collection and reporting services, contact your account manager or email solutions@BASusa.com.
