IRS WEBINAR ALERT: How Large Employers Should Report on the Employer Mandate

IRS WEBINAR ALERT: How Large Employers Should Report on the Employer Mandate

IRS to Host Webinar for Employers,

Thursday 8/14 at 12:00 p.m (EST):

How Applicable Large Employers Should Report Health Care Coverage – 

As Part of the Employer Mandate

The Internal Revenue Service (IRS) is hosting a webinar for employers on  August 14th, at 12:00 p.m. Eastern Time to describe how applicable large employers should report on the health coverage they offered full-time employees, effective in 2015.

The Internal Revenue Code (IRC) Section 6056 is part of the Patient Protection and Affordable Care Act (PPACA), and will help the IRS administer compliance with the employer mandate.

Large Employer Definition – Who Must File

As part of the employer mandate, large employers with 50 or more full-time employees (including full-time equivalents) need to report on all of the employees offered coverage during the prior calendar year. The IRS made draft forms available on July 24, 2014. We are still awaiting official instructions for completing these forms.

Employer Forms 

Employers will file:
  • Form 1094-C (a transmittal/cover sheet) to the IRS only, and
  • Form 1095-C to both the IRS and named individuals.

Final Regulations Fact Sheet

On March 5th, the IRS issued final regulations on the reporting requirements of large employers and insurers. The requirements take effect in 2015, with first reporting due in early 2016.

Items to be Covered in the August 14th IRS Webinar

  • Internal Revenue Code Section 6056
  • Who is required to report
  • What elements are required to be reported
  • When Applicable Large Employers must report
  • How do government entities designate reporting

IRS Webinar Presenters 

Tax Law Specialist, IRS office of Federal State & Local Governments
Deputy Division Counsel/Deputy Associate Chief Counsel, IRS office of Chief Counsel
Senior Technician Reviewer, Employment Tax Branch, IRS office of Chief Counsel

Employers interested in attending must sign up on the IRS Webinar Registration site by clicking the button below:

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About the Author

FosterThomas is a leading professional services company that provides solutions in the areas of Human Resources Consulting and Outsourcing, HR Staffing, Outsourced Recruiting, Employee Benefits Brokerage, Payroll Implementation and Services, HR for Government Contractors, Business Insurance, HR Compliance and Risk Management. We help organizations by providing solutions designed with a focus on cost containment strategies and increasing HR efficiency. FosterThomas HR Consulting was established in 1993 with offices in Annapolis, Maryland (Corporate), McLean, Virginia and Raleigh, North Carolina. Today, FosterThomas occupies a unique position as a full service provider of HR services.

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