The 1094C and 1095C filings used by Applicable Large Employers along with employee tax returns will be used by the IRS to determine if the employer owes a shared responsibility payment and whether employees are/were eligible for a premium subsidy Any penalties will be calculated and communicated by the IRS in Letter 226J Employers owe the IRS aForm 1094 is simply the cover sheet for your Forms 1095 This one only needs to be sent to the IRS There are different versions of Form 1095, such as 1095A, 1095B, and 1095C These letters determine who must file the forms based on the type of insurance offered Form 1095A is completed when insurance comes from the health insuranceThe initial Forms 1094C/1095C filing season is finally behind us Unfortunately, if you've discovered errors with the forms filed with the IRS or provided to employees, there may still be some lingering issues that should be addressed to avoid potential penalties Like other information returns filed annually with the IRS, late, incorrect or incomplete Forms 1094C and 1095C
Form 1095 C The Aca Times
