DID YOU KNOW?

The Internal Revenue Service (IRS) recently released 2015 draft versions of the forms that employers will use to report under Internal Revenue Code (Code) Sections 6055 and 6056. These new reporting requirements were created by the Affordable Care Act (ACA), and require certain employers to report information about employee health plan coverage to the IRS.

For the most part, the 2015 draft forms are no different from the 2014 versions except for a few minor updates. However, instructions for the 2015 forms have not yet been released, and the current 2015 forms are draft versions only. Employers should not rely upon or file the 2015 draft forms with the IRS.

Please contact 360benefits if you would like to receive a free copy of our Section 6055 or 6056 planning workbook.