Discover Why Thousands of Employers Trust BoomTax for ACA Filing
ACA Forms Deadline for Reporting Year 2024
The IRS requires businesses to submit their ACA Reporting, including health coverage details, by the stipulated deadline.
Two forms can be used to report this data - Form 1095-B and Form 1095-C.
What is Form 1095-B?
Form 1095-B is an information return filed by health insurance providers
or employers offering self-funded coverage with fewer than 50 full-time + full-time equivalent employees.
Self-Funded Small Employers
less than 50 full-time + full-time equivalent employees
For more info on Tax Year 2023 Form 1095-B, click here.
What is Form 1095-C?
is an information return filed by employers with at least 50 full-time + full-time equivalent employees.
These employers are known as 'Applicable Large Employers' or ALEs by the IRS.
This form tells the IRS if the employer met ACA guidelines for the healthcare coverage they offer, and it requires that employees receive a recipient copy.
Applicable Large Employers
at least 50 full-time + full-time equivalent employees for all EINs added together that share a common owner
For more info on Tax Year 2023 Form 1095-C, click here
We also recommend checking out the IRS.gov ACA FAQ,
which contains many common 1095-C questions in an easy-to-understand format.
How are the B and C Series Forms Different?
Employers that offer coverage on a self-funded plan with less than 50 full-time + full-time equivalent employees
1 per Issuer
Issuer's information includes address, city, state, zip, and FEIN.
1 per Responsible Individual
Includes responsible individual and all covered individual information.
A 1094-B and its 1095-Bs MUST be filed together
Employers that offer coverage to at least 50 full-time + full-time equivalent employees
Includes employers with self-funded, fully-funded, ICHRA, and union-based plans
1 per Applicable Large Employer (ALE)
Includes ALE members' information, monthly head counts, and other EINs that share common ownership.
1 per Eligible Employee
Includes eligible employee information, coverage info, and other covered individuals (if applicable).
Besides e-filing with the IRS, certain states require employers to report health coverage information to their respective state departments.
Below are the states that require Individual Mandates and their respective deadlines:
Furnish Forms January 31st File With State March 31st
District of Columbia
30 days after the federal ACA e-file deadline
December 15th of the reporting year
Furnish Forms March 2nd File With State March 31st
File With State March 31st
No additional requirements for employers
With BoomTax, you also have the option to e-file your ACA Form 1095 with the IRS and the
applicable states ahead of the deadline.
What are the types of Form 1095 Penalties?
ACA penalties are typically split into two categories:
Employer Shared Responsibility Payment (ESRP):
This penalty applies to large employers who do not offer minimum essential coverage to at least 95% of their full-time employees (and their dependents),
and at least one of their full-time employees receives a premium tax credit for purchasing individual coverage on one of the health insurance marketplaces.
The ESRP is also known as the "employer mandate" or "play or pay" penalty.
Reporting and Disclosure Penalties:
These penalties are assessed for failing to file required information returns with the IRS or to provide required statements to individuals.
These information returns include Form 1094-C and Form 1095-C, which large employers must file under the ACA's reporting requirements.
BoomTax will streamline your ACA filing process in 3 simple steps!
Import Your Data
You can import your data as Excel, XML, or use files from popular payroll providers like QuickBooks, UKG, ADP, and many more.
We walk you through the process with no complicated jargon. You can also live chat with a real person as you work on your filing for hands-on help.
E-File & Mail Employee Copies
Once your data is loaded, you can e-file and distribute employee copies in minutes.
Create an Account
Takes Only 30 Seconds
BoomTax and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors prior to engaging in any transaction.