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August 15, 2017
With Congress failing to make any significant changes to the ACA, applicable large employers (ALEs) need to prepare for another year of ACA employer reporting. The IRS has released the 2017 draft forms employers will use to report 2017 plan data early in 2018. 2017 instructions have not yet been released.
The 2017 draft forms are very similar to the 2016 forms. The most notable changes are the removal of transition relief information that is no longer relevant. We will issue a comprehensive comparison of the 2016 and 2017 forms and requirements as soon as the IRS releases the 2017 reporting instructions.
The draft forms may be found on the IRS draft forms website:
Just enter the form number in the search box.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.