Voluntary reporting in 2014 NOT so much in 2016! New Form 1095-C Employers who have over 50 or more full time employees will be required to take some new actions. Those employers must file information returns with the IRS. They will also have to provide statements to all full-time employees about health coverage the employer has offered or to show the employer did not offer any form of coverage. In order to be ready to report the correct information to the IRS and issue the new Form 1095-C to employees, you will need to know the following: Who are the full-time employees for each month, track health coverage information in 2015 to help complete new IRS forms. (a full-time employee is an employee who is employed on average, of at least 30 hours of service per week ( or at least 130 hours of service in a calendar month) Is your company/ firm “considered” large? Do you have 50 + full- time employees? What type, if any health insurance coverage have you offered your employees? We can assist you with answering all questions and determining how to processed with the filing of Form 1095-C. Let us ease your January Tax’s blues, call us or email today so we can set up a free consultation to discuss any and all questions you may have. Judy Keith-Wynn 702-372-0027
Voluntary reporting in 2014 NOT so much in 2016! New Form 1095-C Employers who have over 50 or more full time employees will be required to take some new actions. Those employers must file information returns with the IRS. They will also have to provide statements to all full-time employees about health coverage the employer has offered or to show the employer did not offer any form of coverage. In order to be ready to report the correct information to the IRS and issue the new Form 1095-C to employees, you will need to know the following: Who are the full-time employees for each month, track health coverage information in 2015 to help complete new IRS forms. (a full-time employee is an employee who is employed on average, of at least 30 hours of service per week ( or at least 130 hours of service in a calendar month) Is your company/ firm “considered” large? Do you have 50 + full- time employees? What type, if any health insurance coverage have you offered your employees? We can assist you with answering all questions and determining how to processed with the filing of Form 1095-C. Let us ease your January Tax’s blues, call us or email today so we can set up a free consultation to discuss any and all questions you may have. Judy Keith-Wynn 702-372-0027
Form_1095-C.docx