If your organization has 50 or more full-time employees, including full time-equivalent employees, then you need to be ready. You are subject to the Affordable Care Act information reporting requirements and must report

In short you must file information returns with the IRS and provide statements to each employee who was a full-time employee for at least one month of the year about health coverage you offered or to show that you did not offer health coverage. This reporting is done on the following forms:

• Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return: used to report to the IRS summary information for each employer and to transmit Forms 1095-C to the IRS.
• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage: used to report required information to your employees and to report information about each employee to the IRS.

And watch out for those due dates, as they are coming fast. Please note that:

• Forms 1095-C must be provided to your employees by February 1, 2016.
• Forms 1094-C and 1095-C are due to the IRS by February 29, 2016, if filing on paper, or March 31, 2016, if filing electronically.

In addition, there is much more you need to be aware of, including determining if you are an applicable large employer, if you have full-time equivalent empoyees, and more. We can help. There is still time to register for this Thursday's online seminar covering the basics that can get you started off on the right foot this reporting season.