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Home» Reporting

Reporting

ErisaALERT: Transition Relief for Health Coverage Reporting under IRC §6055 and §6056 PS. (Don’t forget about applicable State reporting)

Posted on January 9, 2021 by Mary Andersen in 6055, 6056, ACA, Compliance, Disclosure, Reporting

The IRS issued Notice 2020-76 which once again extends the due date for certain information returns under IRC6055 and 6066. A brief recap of the filing requirements: Due date Extended due date Forms 1095-C and 1095-B Statements to Individuals February 1, 2021 March 2, 2021 Submission to the IRS February 28, 2021(paper)March 31, 2021 (iffiled […]

6056, ACA, compliance; 6055, Disclosure, Reporting

ErisaALERT CARES Act(Coronavirus, Aid, Relief and Economic Security Act)

Posted on May 11, 2020 by Mary Andersen in ACA, Compliance, Disclosure, Reporting

The CARES Act was signed into law on March 27, 2020. Some guidance has been issued but more guidance isneeded in many areas, so we are keeping this ALERT simple. The provisions are effective immediately. Someprovisions are of limited duration. It remains to be seen if the restrictions will change. Provision Change Act Section Effective […]

401(k), Cafeteria Plan, DOL, IRS

ErisaALERT Secure Act(Setting Every Community Up for Retirement Enhancement Act)

Posted on May 11, 2020 by Mary Andersen in ACA, Compliance, Disclosure, Reporting

Further Consolidated Appropriations Act, 2020 was enacted on December 20, 2019. It is comprised of various “Divisions”. Division N is Health and Human Services Extenders which includes repealing certain ACA provisions and Division O is Setting up Every Community Up for Retirement Enhancement (SECURE) which impacts retirement plans. This ALERT will briefly summarize items of […]

ACA, Affordable Care Act, IRS

ErisaALERT Transition Relief for Health Coverage Reporting under IRC §6055 and §6056

Posted on December 9, 2019 by Mary Andersen in ACA, Compliance, Disclosure, Reporting

The IRS issued Notice 2019-63 which once again extends the due date for certain information returns under IRC 6055 and 6066. A brief recap of the filing requirements: Due date Extended due date Forms 1095-C and 1095-B Statements to individual January 31, 2020 March 2, 2020 Submission to the IRS February 28, 2020 (paper) March […]

ACA, Disclosure, Reporting

ErisaALERT Department of Labor offers relief for incorrect MEP Form 5500 filings

Posted on August 13, 2019 by Mary Andersen in Disclosure, Form 5500, Reporting

The Department of Labor (DOL) issued Field Assistance Bulletin No. 2019-01 which provides guidance and temporary relief related to certain Forms 5500 for multiple employer plans (MEPs) subject to Title I of ERISA. Background A provision in the Cooperative and Small Employer Charity Pension Flexibility Act of 2014 added an additional Form 5500 filing requirement […]

Disclosure, Form 5500, Reporting

ACA reporting and disclosure deadlines extended

Posted on January 18, 2018 by Mary Andersen in 6055, 6056, ACA, Compliance, Disclosure, Health Care Reform, Reporting

The Affordable Care Act added IRC sections §6055 and §6056 which requires insurers, applicable large employers and self-insured plans to provide annual health information returns to the IRS and statements to employees. (See ErisaALERTs 2014-04 and 2014-09 for background information.) The regulations require that the employee statements be provided by January 31 and reported to […]

6055, 6056, ACA, compliance, reporting and disclosure

Schedule J of the Proposed Form 5500

Posted on September 30, 2016 by Mary Andersen in Disclosure, Form 5500, Reporting, Schedule J

Schedule J of the Proposed Form 5500 – Plan sponsors of group health plans take note! In July, 2016 the Department of Labor (DOL), Department of Treasury (IRS) and the Pension Benefit Guaranty Corporation (PBGC) published proposed regulations in the Federal Register regarding Proposed Revision of Annual Information Return/Reports. What is Schedule J? If the […]

Disclosure, Form 5500, Reporting, Schedule J

The Final Countdown to ACA Reporting and Disclosure Roundup of Useful IRS Resources

Posted on March 24, 2016 by Mary Andersen in 1095-C, ACA, Disclosure, Health Care Reform, Reporting

This is a roundup of information available on the IRS website. The links are working as of the date of this newsletter! Health Coverage Information Return Deadlines https://www.irs.gov/Affordable-Care-Act/Employers/Mark-Your-Calendars-Health-Coverage-Information-Return-Deadlines Action Reporting Due Dates in 2016 for… Applicable Large Employers – Including Those That Are Self-Insured Self-insured Employers That Are Not Applicable Large Employers Coverage Providers  – […]

1095-C, ACA, Affordable Care Act, reporting and disclosure

ErisaALERT 2014-09 – ACA Reporting 6055 and 6056

Posted on October 15, 2014 by Mary Andersen in 6055, 6056, ACA, Disclosure, Health Care Reform, Reporting

ErisaALERT 2014-09 – ACA’s shared responsibility provisions impose penalties on individuals who do not maintain minimum essential coverage (MEC) and on plan sponsors who do not offer minimum value, affordable coverage. The way the IRS will know if an individual has MEC and if an employer offers minimum value, affordable coverage is via the §6055 […]

6055, 6056, ACA, compliance, Disclosure, HCR, Reporting

ErisaALERT 2014-04 ACA Reporting and Disclosure Final

Posted on April 24, 2014 by Mary Andersen in 6055, 6056, ACA, Disclosure, Health Care Reform, Reporting

ErisaALERT 2013-05 discussed the statutory requirements and the proposed regulations regarding the new reporting and disclosure requirements imposed by the Affordable Care Act (ACA) relating to the individual mandate and shared responsibility. On March 10, 2014 final regulations were issued for §6055 Information Reporting of Minimal Essential Coverage (MEC) and §6056 Information Reporting by Applicable […]

6055, 6056, ACA, Disclosure, Reporting
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  • ErisaALERT: Transition Relief for Health Coverage Reporting under IRC §6055 and §6056 PS. (Don’t forget about applicable State reporting)
  • ErisaALERT June-2020 IRS Notices
  • ErisaALERT CARES Act(Coronavirus, Aid, Relief and Economic Security Act)

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