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October 5, 2017
The IRS has released the 2017 final forms and instructions for the ACA employer reporting requirement. Not surprisingly, the final forms are identical to the draft forms and instructions. We described the minor changes from 2016 forms and instructions in a previous alert, which may be found at opens in a new windowhttps://www.psfinc.com/articles/employer-reporting-2017-draft-forms-instructions-2/
Given that legislative efforts to amend the ACA have failed to date, we do not expect any changes to employer reporting requirements for this year. We recommend that those employers who have not already begun to prepare necessary reporting data, and coordinate such efforts with reporting vendors, do so soon. This will ensure that statements are prepared for individuals by the end of January and that reporting may be submitted to the IRS by the end of February (or by the end of March for those filing electronically).
FINAL FORMS AND INSTRUCTIONS:
opens in a new windowhttps://www.irs.gov/pub/irs-pdf/f1095c.pdf
Instructions for the “C” forms
opens in a new windowhttps://benefitslink.com/src/irs/i109495c-2017.pdf
Instructions for the “B” forms
opens in a new windowhttps://www.irs.gov/pub/irs-pdf/i109495b.pdf
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.