Final Forms Released: IRS Forms 1094 & 1095
Today, The IRS released its final Forms 1094 & 1095 and related instructions for the 2018 tax year.
There are “B” and “C” versions of the forms.
- “B” forms (1094-B and 1095-B) are to be filed by minimum essential coverage providers.* B Form Instructions may be found here.
- “C” forms (1094-C and 1095-C) are to be filed by applicable large employers (ALE’s) to comply with IRS Code §6056.** C Form Instructions may be found here.
Form 1095-B and Form 1095-C are provided to individuals as well as the IRS.
Changes to the forms from last year:
- Form 1095-C and a similar change in Part IV of Form 1095-B includes a separate field for each covered individual’s data; and
- Penalty amounts increased for reporting failures.
*Think insurers, government-sponsored programs, and some self-insuring employers per IRS Code §6055
**Providing the IRS data so they may administer employer shared responsibility as well as receipt of premium tax credits. ALEs with self-insured health plans must also report coverage on Form 1095-C.
