Understanding IRS Form 1095-C: What You Need to Know in 2025
- 1. Understanding IRS Form 1095-C: What You Need to Know in 2025
- 2. What Is Form 1095-C? Form 1095-C is filed by Applicable Large Employers (ALEs) to report employee health coverage under Section 6056. It must be submitted with Form 1094-C to the IRS, and copies of Form 1095-C must be provided to employees.
- 3. Who Must File Form 1095-C? Applicable Large Employers (ALEs) must file Form 1095-C if they: ● Have 50 or more full-time employees (or full-time equivalents) ● Offer health coverage to full-time staff Each full-time employee must receive a copy of Form 1095-C.
- 4. What Information Is Required to File Form 1095-C? To complete 1095 C forms, you'll need: ● Employees’ name, SSN, and address ● Employer’s name, EIN, and address ● Information about the health care coverage provided to the employee ● Employee Required Contribution, if any ● Details about the covered individuals Click here to know more about the 1095-C instructions
- 5. Form 1095-C Filing Deadlines The deadline to file Form 1095-C is as follows: Filing Methods Due Date 1095-C Form - Paper Filing February 28, 2025 1095-C Form - Recipient Copy March 03, 2025 March 03, 2025 March 31, 2025
- 6. Late Filing & Payment Penalties If an Applicable Large Employer (ALE) fails to comply with all reporting requirements or does not meet the conditions of the employer mandate, the IRS may impose penalties based on the size of the organization. Click here to learn more about 1095-C penalties.
- 7. How to E-file Form 1095-C Step 1: Fill Out the Form Pick Form 1095-C, choose the tax year, and enter the required information. Step 2: Send It to the IRS Submit the completed form electronically through an approved e-file provider. Step 3: Give Copies to Employees Send copies to your employees by mail or give them online access.
- 8. Filing Extensions for Form 1095-C If you need extra time to file Form 1095-C, you can get a 30-day extension by submitting Form 8809. Click here to learn how to file Form 8809 and avoid late penalties.
- 9. Here are the benefits of e-filing 1095-C with TaxBandits: ● Easy Data Import ● Built-in Error Checks ● USPS Address Validation ● Employee Copy Distribution ● Automated Transmittal Form ACA reporting doesn’t need to be complicated—file your 1095-C with TaxBandits today!