AGC Letter Prompts IRS to Clarify ACA Reporting Requirements for Multiemployer Plans

A few weeks ago the IRS issued an updated Form 1095-C and instructions following a June 9 letter from AGC of America and the Food Marketing Institute urging the agency to make the revisions. Form 1095-C is one of the forms used by employers to report information regarding the cost and level of health coverage offered to employees under the employer mandate provisions of the Affordable Care Act (ACA). The form allows the IRS to verify whether an employer is subject to penalties under the employer mandate provisions of the ACA.

Please click here for more information on how this update will substantially simplify the reporting process with respect to multiemployer plans in 2015.