ACA Compliance Bulletin provided by Barrow Group LLC

02 Aug Draft 2018 ACA Reporting Forms

They’re Here:  The Draft 2018 ACA Reporting Forms

The Internal Revenue Service (IRS) released draft 2018 forms for Affordable Care Act (ACA) reporting under Code Sections 6055 and 6056. A 2018 draft version of Form 1095-B and draft instructions for these forms have not yet been released. The draft 2018 forms are substantially similar to the final 2017 versions.  Our complimentary ACA Compliance Bulletin can be downloaded here.

Highlights

  • Most draft forms for 2018 reporting under Section 6055 and Section 6056 are now available.
  • The draft 2018 forms are substantially similar to the final 2017 versions of the forms.
  • The “Plan Start Month” box in Part II of Form 1095-C continues to be optional for 2018 reporting.
  • Additional clarifications may be included in the draft instructions.

 

2018 Draft Forms

The 2018 draft forms are substantially similar to the final 2017 versions. However, the revised version of the Form 1095-C clarifies that the “Plan Start Month” box in Part II will remain optional for 2018. The IRS previously indicated that this box may have been mandatory for the 2018 Form 1095-C.

Keep in mind that the 2018 draft instructions for these forms may include additional changes or clarifications, once released. Also, the IRS may make additional changes to these forms before releasing final 2018 versions.

 

Important Dates

January 31, 2019 – Individual statements for 2018 must be furnished by Jan. 31, 2019.

February 28, 2019 – IRS returns for 2018 must be filed by Feb. 28, 2019 (April 1, 2019, if filed electronically, since March 31, 2019, is a Sunday).

 

More Information

Download our complimentary ACA Compliance Bulletin for a complete overview including detailed information on Sections 6055 and 6056.

Have questions?  Contact Barrow Group’s Group Benefits Experts to discuss selecting the right mix of employee benefits for your full-time employees and their dependent children.  Click here to contact us or email us at benefitsteam@barrowgroup.com today.

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