IRS Form 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns
Form 1094-C - An Overview
Updated on February 9, 2023 - 10:30 AM by Admin, Tax bandits
In addition to the ACA mandate that employers offer affordable health coverage to their employees, Section 6055 and 6056 of the ACA require Applicable Large Employers (ALEs) to file forms 1094-C and 1095-C with the IRS.
1094-C is the transmittal form that must be filed with the 1095-C form.
Eventually, Forms 1094-C and 1095-C are used by Applicable Large employers to report health coverage information offered by employees to the IRS.
Table of Content:
1. What is Form 1094-C?
Form 1094-C is the transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns Form that accompanies Form 1095-C when filing with the IRS each year.
Form 1094-C summarizes the 1095-C information returns. Form 1094-C is only sent to the IRS, not to employees.
2. When is the deadline for IRS Form 1094-C?
Last year (i.e, tax year 2020) IRS released a notice 2020-76 stating that the employee copies distribution deadline is extended from January 31st to March 02nd. Also for tax year 2022, there is an extension in the deadline for furnishing employee copies.
However, the paper filing and electronic filing deadline remains the same.
The due date for filing Form 1094-C with the IRS is
| Type of Tax Filing | Due Date |
|---|---|
| Furnishing Employee Copies | March 02, 2023 |
| Paper Filing | February 28, 2023 |
| Electronic Filing | March 31, 2023 |
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3. Information required to file Form 1094-C?
To complete Form 1094-C, you will need the following information.
- Employee information such as name, social security number, contact information, etc.
- Number of the 1095-C Forms transmitted with Form 1094-C
- ALE member information
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E-File 1094-C Now4. What are the penalties for not filing Form 1094-C?
Employers that do not submit Form 1094-C to the IRS may be subject to an aca penalty of up to $250 per missing form, with a maximum penalty of $3 million per calendar year. Waivers are available when failure to report is due to a reasonable cause.
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5. Generate Form 1094-C/1095-C using TaxBandits
TaxBandits is an IRS authorized e-file provider for filing ACA forms. File Form 1095-C with us and we will automatically generate a 1094-C Form for you.
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