AGC Webinar Explains Mandatory ACA Reporting Forms; IRS Announces Reporting Extension
AGC recently hosted a webinar to educate construction contractors on the reporting requirements and supporting forms for the Affordable Care Act’s (ACA) Employer Mandate. The webinar, Affordable Care Act Update for Construction Employers: Employer Shared Responsibility Reporting and Legislative Changes, highlighted the mandatory reporting obligations of IRS forms 1094-C and 1095-C with respect to 2015. A recording of the webinar is available in the AGC Store.
The reporting obligations are mandatory with respect to 2015, and forms were originally due to affected employees and the Internal Revenue Service (IRS) in early 2016. However, just 11 days after the webinar, the IRS announced an extension.
During the webinar, Mark Levengood, Jennifer Abrams, and Elizabeth Schlax, attorneys with the law firm of Susanin Widman & Brennan, P.C., walked participants through the process of completing each of the required forms and answered questions about the reporting requirements for all applicable employers, including employers that contribute to multiemployer health and welfare plans.
Additionally, the webinar covered the following topics:
- Which employers are required to report;
- When must the required reporting be completed;
- What information does an employer need to complete the reporting;
- For which employees must an employer submit a report; and
- How an employer should report on behalf of its union-represented employees.
The presenters also discussed legislative updates to the ACA including the Protect Affordable Coverage for Employees (PACE) Act’s repeal of the “small employer” definition for non-tax related purposes, the recent repeal of the ACA’s auto-enrollment requirement, and the two-year delay of the Cadillac tax (a controversial excise tax on high-cost employer-sponsored health plans).
The webinar was pre-approved for 1.5 general recertification credits by the HR Certification Institute (HRCI).
To purchase a recording of the webinar, visit the AGC Bookstore. AGC members may access AGC’s online library of ACA information and resources at www.agc.org/aca.
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