Instructions for IRS Form 1094-B, 1095-B

IRS Form 1094-B Transmittal of Health Coverage Information Returns IRS Form 1095-B Health Coverage

This document contains official instructions for IRS Form 1094-B , and IRS Form 1095-B . Both forms are released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1094-B is available for download through this link. The latest available IRS Form 1095-B can be downloaded through this link.

FAQ

Q: What is IRS Form 1094-B?
A: IRS Form 1094-B is a form used to report information about Minimum Essential Coverage (MEC) for individuals.

Q: What is IRS Form 1095-B?
A: IRS Form 1095-B is a form used to provide individuals with information about their health coverage.

Q: Who needs to file Form 1094-B?
A: Insurance providers and certain employers are required to file Form 1094-B.

Q: Do individuals need to file Form 1094-B?
A: No, individuals do not need to file Form 1094-B.

Q: What information is reported on Form 1094-B?
A: Form 1094-B reports information such as the number of individuals covered by MEC, the coverage start and end dates, and the name and contact information of the insurance provider.

Q: What happens if I don't file Form 1094-B?
A: Failure to file Form 1094-B or filing it late may result in penalties imposed by the IRS.

Q: Can Form 1094-B be filed electronically?
A: Yes, Form 1094-B can be filed electronically through the IRS's Affordable Care Act Information Returns (AIR) Program.

Q: Are there any exceptions to filing Form 1094-B?
A: Certain small employers may be eligible for relief from filing Form 1094-B if they meet certain criteria. It is recommended to consult with a tax professional or refer to the IRS guidelines for more information.