Form 1095-C - An Overview
Updated on September 4, 2023 - 10:30 AM by Admin, TaxBandits
As per the Affordable Care Act’s Employer shared responsibility provisions, certain employers are required to offer minimum essential coverage to their employees and must report that information to the IRS by filing Form 1095-C.
This article covers everything you should know about the 1095-C Form.
Table of Content:
1. What is Form 1095-C?
Form 1095-C is filed by Applicable Large Employers (ALEs) to report their employees’ health coverage information required under section 6056
(Employer shared responsibility provisions) to the IRS.
Employers should also
file Form 1094-C (Transmittal form) along with the 1095 forms. The IRS also requires that ALEs furnish form copies to the corresponding employees.
2. Recent changes to Form 1095-C for the 2023 Tax Year
The IRS has released the ACA Form 1095-C for the 2023 Tax Year recently, and it doesn’t reflect any major changes to the forms.
Note: The IRS has also proposed new E-filing requirements.
At this time, you are required to file 10 or more 1095 forms electronically.
3. What information is required to report on a 1095-C Form?
To file ACA Form 1095-C, the following information is required:
- Employees’ name, SSN, and address
- Employer’s name, EIN, and address
- Information about the health care coverage provided to the employee
- Employee Required Contribution, if any
- Details about the covered individuals
4. When is the deadline to file Form 1095-C for the 2023 Tax Year?
The deadlines to file Form 1095-C are as follows:
|Type of Tax Filing||Due Date|
|1095-C Form - Recipient Copy||March 04, 2024|
|1095-C Form - Paper Filing||February 28, 2024|
|1095-C Form - E-Filing||April 01, 2024|
5. What happens if I fail to file 1095-C Form?
If an ALE fails to meet all the reporting requirements or fails to meet all the conditions of the employer mandate, the IRS will impose a penalty depending on the size of the organization.
6. Is there any extension to file 1095-C Form?
To learn more about filing an extension, click here.
7. How to file Form 1095-C?
The IRS accepts both electronic and paper filing of Forms 1095-C.
However, if you are filing more than 10 forms, you must file them electronically.
Note: The IRS encourages the filers to choose electronic filing of Form 1095-C for faster processing.
When compared to paper filing, 1095 C e-filing is the easiest way to complete the forms accurately and securely.
Get Started with TaxBandits to E-File 1095-C Form Effortlessly!
TaxBandits is an IRS-authorized provider that simplifies your Form 1095-C e-filing process. You can file your 1095-C Form easily and securely with our cloud-based application. We follow the highest security standards and encryption protocols to secure your data.
With TaxBandits, you can file your Form 1095-C electronically with the IRS. We also support filing of ACA Forms with the states that require ACA Reporting. If you have opted-in to postal mailing or online access services, TaxBandits will also distribute the form copies to your recipients on your behalf.
8. Why choose TaxBandits to E-file Form 1095-C?
Here are the benefits of e-filing 1095-C with TaxBandits:
- Our bulk upload templates help you import all your ACA 1095-C Form data at once.
- Our built-in error checks identify basic errors and help you to file accurate returns.
- We perform USPS address validation before mailing the copies to the employees.
- We distribute employee copies through postal mail or online portal access.
- Our Software generates transmittal Form 1094-C.
Steps to file Form 1095-C with TaxBandits:
Simply follow the steps below to file your Form 1095-C:
Step 1: Create a free TaxBandits account or Login If you have one already
Step 2: Choose Form 1095-C
Step 3: Enter Form Information
Step 4: Review Form Information
Step 5: E-file it with the IRS and State
Related Blog for Form 1095-C
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