United Benefit Advisors Insight and Analysis Blog

IRS Extends Due Date to Furnish ACA Forms to Participants and Provides Good Faith Penalty Relief

Posted by: Karen Hsu    Dec 11, 2018 1:12:23 PM

The Internal Revenue Service (IRS) issued Notice 2018-94 to extend the due date to furnish 2018 Forms 1095-B and 1095-C to individuals. The due date moves from January 31, 2019, to March 4, 2019.

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Topics: Form 1095-B, Form 1095-C, extended, compliance recap

HHS Releases Inflation-Adjusted Federal Civil Penalty Amounts

Posted by: Karen Hsu    Nov 29, 2018 2:36:55 PM

The Department of Health and Human Services (HHS) issued its Annual Civil Monetary Penalties Inflation Adjustment. Here are some of the adjustments:

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Topics: compliance recap, HHS, Medicare

IRS Releases Final Forms and Instructions for 2018 ACA Reporting

Posted by: Karen Hsu    Nov 15, 2018 1:12:11 PM

The Internal Revenue Service (IRS) released instructions for both the Forms 1094-B and 1095-B and the Forms 1094-C and 1095-C and Forms 1094-B, 1095-B,1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to Forms 1095-B and 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name. 

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Topics: compliance recap, IRS 1094, IRS 1095, IRS, ACA reporting