ACA Reporting Anecdotes

ACA Filing Extensions. Here’s the latest from our ACA-anecdotes desk.

  • Many employers seem to be sticking to (or close to) the original February 1, 2016 deadline for issuing Form 1095 to employees. This is largely to avoid confusion with employees.
  • Many employers haven’t made a firm decision on whether to file Form 1094 (aka: “cover sheet”) on time or take advantage of the delay.

Some suggestions from us:

  • Take your time on Form 1094. This is the form most likely to trigger an audit.
  • Start working on that “please sign” memo that will be directed to the ultimate “signer” of your Form 1094. Create a high level summary of your processes that assure accurate reporting.

We are planning an ACA reporting seminar/update for February 5. There will likely be separate web and in-person versions on the same day. Stay tuned for details.

Bob Seng

With plenty of experience in private practice and as an Assistant General Counsel for Pay & Benefits in a Fortune 50 Company, Bob understands that employee benefits law isn’t for everyone. That’s why he takes pride in listening carefully and responding with clear answers and advice that can be followed by busy clients.

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