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IRS Reporting Requirement 6055 And 6056

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IRS Reporting Requirement 6055 And 6056

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ACA has created new reporting requirements under IRC Sections 6055 and 6056. As per the new reporting rules, certain employers are required to provide IRS with the information about their health plan coverage offerings to their employees.
The reporting is mandated to provide government with critical information for administering ACA mandates such as individual penalty as well as large employer shared responsibility penalties.

ACA has created new reporting requirements under IRC Sections 6055 and 6056. As per the new reporting rules, certain employers are required to provide IRS with the information about their health plan coverage offerings to their employees.
The reporting is mandated to provide government with critical information for administering ACA mandates such as individual penalty as well as large employer shared responsibility penalties.

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