IRS Issues Final Forms and Instructions for Employer and Individual Shared Responsibility Reporting Forms

In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium tax credits are entitled to them, and (3) large employers are meeting their shared responsibility (play or pay) obligations, employers with 50 or more full-time or full-time equivalent employees and insurers will be required to report on the health coverage they offer. Request UBA’s PPACA Advisor, “IRS Issues Final Forms and Instructions for Employer and Individual Shared Responsibility Reporting Forms” for comprehensive information on what forms to use for emloyees, filing dates, responsible parties and forms to be sent to the IRS, including sample situations.