IRS Issues Instructions for 2020 Reporting Forms

by David Mordo
IRS Issues Instructions for 2020 Reporting Forms

The Internal Revenue Service (IRS) has issued further instructions for 2020 reporting forms 1094-B, 1094-C, 1095-B, and 1095-C.

The instructions are as follows:

  • The due date for providing Form 1095-C to employees has been extended from January 31, 2021, to March 2, 2021.

  • If certain conditions are met, the IRS will not impose a penalty for failure to furnish Form 1095-C to any employee enrolled in an Applicable Large Employer (ALE) member's self-insured health plan who is not a full-time employee for any month of 2020.

  • The IRS will not impose a penalty for failure to file Form 1095-C with the IRS or failure to furnish Form 1095-C to employees if you make a good faith effort to comply with the information reporting requirements.

  • Form 1095-C has been modified with new codes for reporting offers of individual coverage HRAs (ICHRAs) and new lines for reporting required information.

  • The plan start month is required for the 2020 Form 1095-C. The ALE must enter a two-digit number.

Use the links below to access copies of the instructions.

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