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academy:business_process1095forms

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academy:business_process1095forms [2023/11/20 20:13] – emorenoacademy:business_process1095forms [2024/12/11 15:46] (current) – emoreno
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 **Created:** 12/07/2018 **Created:** 12/07/2018
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-**Reviewed:** <color #ed1c24>**DRAFT**</color>+**Reviewed:** 12/11/2024
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-**Revised:**  <color #ed1c24>**DRAFT**</color>+**Revised:**  12/11/2024
  
 <WRAP round intro>The purpose of this document is to guide you through the necessary steps to verify and produce the Affordable Care Act (ACA) Forms 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage). After the 1095 data is finalized, provide 1095 forms to employees according to their EmployeePortal 1095 consent option. Also, create the ACA 1095-B or 1095-C electronic file to be submitted to the Internal Revenue Service (IRS). <WRAP round intro>The purpose of this document is to guide you through the necessary steps to verify and produce the Affordable Care Act (ACA) Forms 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage). After the 1095 data is finalized, provide 1095 forms to employees according to their EmployeePortal 1095 consent option. Also, create the ACA 1095-B or 1095-C electronic file to be submitted to the Internal Revenue Service (IRS).
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-Per IRS, as of January 1, 2024, you are required to file electronically if submitting 10 or more information returns. 
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 ===== Before You Begin ===== ===== Before You Begin =====
  
-++++Before you begin:|{{page>academy:process1095_beforeyoubegin&inline}}+++++{{page>academy:process1095_beforeyoubegin}}
  
 VCV If your LEA plans to use the extract method of creating 1095 records for the calendar year, use the following two steps to maintain employee insurance data in Personnel throughout the calendar year. Creating records via the extract is covered in step 2b of this document.   VCV If your LEA plans to use the extract method of creating 1095 records for the calendar year, use the following two steps to maintain employee insurance data in Personnel throughout the calendar year. Creating records via the extract is covered in step 2b of this document.  
academy/business_process1095forms.1700511221.txt.gz · Last modified: 2023/11/20 20:13 by emoreno

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