Heading into the end of the year EONE is sharing this reminder about pending 1094C and 1095C reporting requirements for Applicable Large Employers.  Please click on the link at the bottom of the page for specific recommendations and information.

A few key points for the 2020 reporting deadlines:

  • The IRS has extended the deadline to provide 1095C forms to full  time employees from January 31st, 2021 to March 2, 2021.  Be advised, though, that as of this date, California has not altered their deadline of January 31st.   Also, the IRS encourages employers to provide the forms as soon as possible, since individuals may need these for income tax filing.
  • The due date for filing the 1095C and 1094C forms with the IRS remains unchanged.  If filing electronically the due date is March 31st, 2021.  If filing manually the due date is February 28th, 2021.
  • If you have employees in New Jersey, California, Washington DC, Massachusetts, Vermont or  Rhode Island, be aware of the individual mandates in those states and employer reporting required.  Most follow the federal reporting formats. 
  • Confirm that you have a vendor in place to fulfill the reporting requirements, both federally and at the state level. 
  • This is the last year of “Good-Faith” relief that has allowed employers some wiggle room with the accuracy of  data as long as employers were making good-faith efforts to report the data as accurately as possible.