ASA Staffing Success - Staffing Law 2014 NO 2

The final employer reporting rules were issued March 5 by the U.S. Department of the Treasury and the U.S. Internal Revenue Service under IRS Code § 6055 and § 6056. The reports are intended to facilitate administration of the employer mandate under IRS Code § 4980H, the individual mandate under § 5000A, and premium tax credits under § 36B. The rules were published in the March 10,

2014, issue of the Federal Register.

Section 6055 applies to insurance carriers
and self-insured employers. Those entities
must file annual reports to the IRS on individu-
als enrolled in coverage. Section 6056 applies
to employers that maintain insured health
plans and requires them to file annual reports
to the IRS and employees regarding the cover-
age offered. The reports must show the full-
time employees and the coverage offered and
accepted on a monthly basis.

The reporting requirements generally apply to “large” employers (i.e., those with at least 50 full-time plus full-time-equivalent employees). For 2015, an employer with fewer than 100 full-time employees will not be considered large for purposes of the employer penalties but will be required to file a § 6056 transmittal form certifying that it has not reduced its

Inside

House Votes to Change ACA Definition of Full-Time Employee Page 4

Washington, DC, Expands Paid Sick Leave Law

Page 8

Massachusetts Governor Signs
Unemployment Insurance Rate Freeze
Page 9
headcount or employee hours of service to
take advantage of the higher threshold.
Employers and insurers must begin collect-
ing information on Jan. 1, 2015; § 6056 reports
generally must be provided to employees by
Jan. 31 (Feb. 1 in 2016 since Jan. 31 falls on
a Sunday). First reports to the IRS will be due
March 31, 2016, if filed electronically; other-
wise generally by Feb. 28 (Feb. 29 in 2016