News

IRS Releases Draft ACA Reporting Forms for Employers and Health Insurance Issuers

March 2017

On Thursday, July 24, 2014, the Internal Revenue Service (IRS) released draft forms that applicable large employers and health insurance issuers will use to report information regarding health coverage, as required under the Affordable Care Act (ACA) starting in 2015. (The first reporting will be due in the first quarter of 2016, reflecting the 2015 calendar year.)

At this time, draft instructions relating to the forms are not available; however, the IRS anticipates that draft instructions will be available in August. Both the forms and the instructions will be finalized later this year.

Employers need to continue to monitor new developments and implement strategies for complying with the ACA. To learn more about the impact of this and other health care reform decisions, please visit Peel & Holland University, where we have posted a document titled IRS Releases Draft ACA Reporting Forms for Employers and Health Insurance Issuers.

Save as PDF

Go back