ACA News July
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Greatland 1095 Reporting News – July 2016
Preparing for Year Two  |  Year Two Tax Form Changes  |  FAQ  |  Tax Year 2016 Deadlines
1095 Reporting - Preparing For Year Two
Well done, you’re ahead of the curve. Since you are receiving this email it means you have already purchased your 1095 reporting solution for the 2016 Tax Year.

If you haven’t already viewed our ACA Year 2 video, click on the play button to the right. This video, narrated by Janice Krueger, our ACA compliance expert, explains what you should be doing right now to prepare for 2016 year-end ACA reporting.
1094/1095 Forms For Tax Year 2016
The IRS recently released drafts of Forms 1094-B, 1095-B, 1094-C and 1095-C. The instructions have not yet been released. Although these are only drafts, subject to change, we encourage you to review the proposed changes in order to prepare for 2016 reporting. The changes for Forms 1094-B and 1095-B are as follows:
1095-B Changes ►
1095-C Changes ►
#1 FAQ For Tax Year 2015
Q - If an employee waives coverage from an Applicable Large Employer (ALE), how should the ALE report this scenario on lines 14 - 16 on Form 1095-C?
A - If an employee waives coverage, the ALE still reports the offer of coverage on line 14 along with the employee share of lowest cost monthly premium for self-only minimum value coverage on line 15. If a safe harbor code applies for line 16, enter the applicable code; otherwise leave line 16 blank.
Note: We will keep you up-to-date as we receive more information about codes for tax year 2016.
Mark your Calendar
Form 1095 - Tax Year 2016 Deadlines
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