There’s a series of questions to ask when determining what filings are required under the new Internal Revenue Code (IRC) Section 4980(h), created by the Affordable Care Act (ACA).
Beginning in 2016, applicable large employers (ALE) will have to begin filing annual information reports 1094-C and 1095-C documenting Section 4980H compliance. The flowchart below can help. Please seek the advice of a tax professional for specific tax advice.
More information on the tax provisions of the ACA is available on the IRS website. For ACA articles specific to Sage 100 users, log in to the Sage Portal, select Sage 100 and type “ACA” in the search field.