August 10, 2017
The IRS has released draft versions of Forms 1094 and 1095 for 2017 Affordable Care Act (ACA) compliance, with minimal changes from the 2016 forms.
Although there was much debate about the repeal and replacement of the ACA, in the end, nothing changed. Therefore, compliance with the rules of the ACA by providing the necessary forms to employees and the IRS is still required to avoid costly penalties.
As you plan ahead, make note that the deadline for completing and submitting the Form 1095 to employees is January 31, 2018, and the 1094 and 1095 Forms submission deadline for the IRS is February 28, 2018, if paper filed, or March 31, 2018, if e-filed.
Contact your Eide Bailly professional or a member of our ACA team for assistance in complying with the Affordable Care Act.