An Overview of Form 1094-C
What is Form 1094-C?
Form 1094-C is a transmittal summary for all 1095-C forms submitted, providing the IRS with a comprehensive overview of an employer’s health coverage offerings.
Employers with 50 or more full-time equivalent or full-time equivalent employees, classified as Applicable Large Employers (ALEs), are required to submit Form 1094-C by the Affordable Care Act (ACA). Form 1094-C helps the IRS verify ALEs’ compliance with ACA regulations, specifically the Employer Shared Responsibility Provision.
Essential Reporting Requirements and Deadlines
Unlike Form 1095-C, which provides employees health coverage details must distributed to employees, Form 1094-C is a transmittal form submitted directly to the IRS and is not distributed to employees.
Submission Deadlines
The IRS filing submission deadlines for Form 1094-C for the 2024 tax year.
- Electronic Filing Deadline: March 31, 2025
- Family Coverage: February 28, 2025
Employers submitting fewer than 250 forms may file by paper, but electronic filing is required for 250 or more.
What Data is Included?
Form 1094-C incorporates essential information such as the employer’s monthly full-time employee count, the total number of 1095-C forms submitted, and whether the employer offered minimum essential coverage.
This form is essential to ensure the IRS receives accurate and timely reports on employer health coverage.
What is the Employer Filing Process?
1. Gather Employee Data:
Ensure all data from Form 1095-C is complete, including details on each full-time employee’s coverage status.
2. Complete Form 1094-C:Accurately summarize company-wide data on health coverage and employee counts.
3. File with the IRS:Submit Form 1094-C along with the required 1095-C forms by the specified deadline.
- This can be done electronically or by paper if fewer than 250 forms are submitted.
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