Q&As from Latest Webinar on Affordable Care Act Tax Reporting are Online
During last month’s webinar on the Affordable Care Act (ACA), we answered many questions about the ACA tax reporting requirements and cooperatives’ responsibilities, and we received many more. Speakers Seth Perretta and Malcolm Slee of the Groom Law Group and NRECA staff have developed a Q&A document answering questions we didn’t address during the webinar, which is now online.
ACA tax reporting deadlines
As a reminder the deadlines for providing returns and filing your ACA tax reporting documents for tax year 2015 are as follows:
- Returns: Provide Forms 1095-B or 1095-C to responsible individuals (person through whom the coverage is provided) by March 31, 2016
- Paper filings: File Forms 1095-B or 1095-C, using transmittal Forms 1094-B or 1094-C, with the Internal Revenue Service (IRS) by May 31, 2016
- Electronic filings: File Forms 1095-B or 1095-C, using transmittal Forms 1094-B or 1094-C, with the IRS by June 30, 2016
ACA resources
If you need more information on the ACA, don’t forget the other resources—FAQ documents, fliers and templates—available on the Employee Benefits website. Click “Filter” and select “Health Care Reform” to quickly find these materials.
If you have questions, speak with your field representative. You also can contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.