Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Final Instructions to Forms 1094-C and 1095-C Released: Key Takeaways
Accord [Guidance Overview] Oct. 5, 2016
"[T]he final instructions include more concise language when discussing the information return and payee statement penalties.... [T]he IRS makes it clear ... that if an employer elects to use substitute Forms and file using paper with the IRS, the Forms must be printed in landscape format.... The biggest change to the Forms 1094-C and 1095-C is an employer will no longer be able to use the good faith efforts standard to protect itself from filing information returns or payee statements with inaccurate or incorrect information.... [No] change will be more burdensome than the tighter filing deadline."
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