IRS 1094-C 2024-2025 free printable template

1201181094CTransmittal of EmployerProvided Health Insurance Offer and Coverage Information ReturnsFormDepartment of the Treasury Internal Revenue Serviceman BOMB No. 15452251CORRECTED2024Go to www.irs.gov/Form1094C

Instructions and Help about IRS 1094-C

How to edit IRS 1094-C

How to fill out IRS 1094-C

Instructions and Help about IRS 1094-C

How to edit IRS 1094-C

To edit the IRS 1094-C form, first obtain a blank copy from the IRS website or a trusted tax form provider. Use a PDF editor like pdfFiller to make necessary changes, ensuring that all entries are accurate and complete. After editing, review the form for any errors, and save the updated version for filing.

How to fill out IRS 1094-C

Filling out the IRS 1094-C form involves several steps:

1. Gather relevant information about your business, including Employer Identification Number (EIN) and contact details.
2. Determine the calendar year for which you are reporting.
3. Fill in the sections regarding the number of full-time employees and the Coverage Information for each month.
4. Ensure that sections related to health coverage offered are completed accurately.

Review the filled form for completeness and accuracy before submitting.

Latest updates to IRS 1094-C

Latest updates to IRS 1094-C

The IRS may update the 1094-C form annually or periodically based on legislation or procedural changes. It is essential to check the IRS website or consult tax professionals for any recent updates affecting the current filing year.

All You Need to Know About IRS 1094-C

What is IRS 1094-C?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

Due date

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

All You Need to Know About IRS 1094-C

What is IRS 1094-C?

IRS 1094-C is a tax form used by applicable large employers (ALEs) to report information about the health coverage they offer to their full-time employees to the IRS. This form serves as the transmittal document for the related 1095-C forms detailing individual employee health coverage.

What is the purpose of this form?

The purpose of IRS 1094-C is to demonstrate compliance with the Affordable Care Act (ACA) employer mandates. ALEs must file this form to report whether they offered minimum essential coverage to their full-time employees and their dependents during the calendar year.

Who needs the form?

Employers that employ 50 or more full-time equivalent employees are required to file IRS 1094-C. This includes both private and government employers as well as certain tax-exempt organizations. If an employer falls under this category, they must complete and submit this form along with 1095-C forms for each full-time employee.

When am I exempt from filling out this form?

You may be exempt from filling out IRS 1094-C if your business does not meet the threshold of 50 full-time equivalent employees. Additionally, certain small employers, specifically those with fewer than 50 employees, generally do not need to file this form.

Components of the form

The IRS 1094-C includes several key components:

1. Company information—including name, address, and EIN.
2. Details on the number of full-time employees during the year.
3. Indicator codes that reflect the types of coverage offered.
4. Information on whether the employer is a member of a controlled group or multiemployer arrangement.

Due date

The IRS 1094-C form is typically due on February 28th of the year following the calendar year being reported, or March 31st if filed electronically.

What are the penalties for not issuing the form?

Employers may face penalties for failing to file IRS 1094-C when required or for incorrect filings. The penalty can reach up to $280 per return, with the total penalties capped based on the number of returns filed. Serious violations may result in higher penalties or additional scrutiny from the IRS.

What information do you need when you file the form?

When filing IRS 1094-C, you need information such as your EIN, the total number of full-time employees, coverage offered to employees, and any applicable indicator codes. Accurate employee information is crucial for completing the accompanying 1095-C forms.

Is the form accompanied by other forms?

The IRS 1094-C is usually accompanied by multiple 1095-C forms, each detailing individual employee health coverage. It is essential to ensure that all associated forms are filed together to meet compliance requirements.

Where do I send the form?

The completed IRS 1094-C form should be sent to the address specified in the IRS instructions for the form, which may vary depending on whether you are filing electronically or via mail. Generally, if you are filing electronically, you would submit it through the IRS e-filing system, while paper filings should be sent to the appropriate IRS service center.