American Westbrook Insurance Services

American Westbrook Insurance Services


IRS Releases Final 2015 Forms and Instructions

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056.

Under these new reporting rules, certain employers* must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees. Reporting is first required in 2016, related to the coverage offered or provided in 2015.

On Sept. 17, 2015, the Internal Revenue Service (IRS) released final 2015 versions of the forms and instructions that employers will use to report under Sections 6055 and 6056.

* Applicable large employer (ALE) groups with 50 or more employee equivalents