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IRS Reporting Requirements for Employers

In February 2015, the IRS provided guidance on the final version of forms employers are subject to in regards to the PPACA mandate.  The information will be used by the IRS to administer and individuals to show compliance with the individual shared responsibility provision. The following are important reporting obligations which are key in administering the ACA individual and employer requirement mandates.  Statements and employer reporting will be furnished to IRS and individuals in 2016, to report coverage information in calendar year 2015.