Form 1095-C or 1095-B Deadline Extended
Updated Deadlines The IRS has issued Notice 2019-63 extending the distribution deadline of Form 1095-B (Health Coverage) and Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) to employees from January 31, 2020 to March 2, 2020. It is important to note that the deadlines are not extended for filing Forms with the IRS. The deadlines End excerpt
Reporting Requirement Under D.C. Individual Mandate
OTR NOTICE Under new tax guidance (Notice 2019-04), D.C. residents must have minimal essential health care coverage (MEC), have a coverage exemption, or pay a tax penalty for tax years ending on or after December 31, 2019. Insurance companies, business providing insurance to their employees, and other applicable entities are required to file information returns End excerpt
Employee Benefits Brokerage
At FosterThomas, we are an employee benefits brokerage in Maryland, Virginia, and Washington, DC, that is committed to understanding and managing your unique employee benefits while being mindful of sustainable cost management for your business. It is our mission that through our employee advisory services and extensive strategic planning and collaboration, you will begin to End excerpt
