While Affordable Care Act-related reporting for large employers was voluntary in 2014, the IRS’s new draft instructions make important changes and provide additional guidance for reporting required for 2015:
- Instructions indicate an automatic 30-day extension of the March 31 filing deadline is available by filing Form 8809.
- First-time guidance is offered on how to correct forms.
- How to comply with the 98 percent offer alternative reporting method is clarified.
- For 2015, employers are given relief from reporting on employees eligible for coverage under certain multiemployer plans.
- Guidance on reporting of COBRA offers is incorporated via FAQs on the IRS website. ...
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