New FAQs Added on Section 6056 Annual Reporting Requirements Under Affordable Care Act

Author: Gloria Ju

The Affordable Care Act created two annual information-reporting requirements under Internal Revenue Code Section 6055 and Section 6056. Under Section 6056, an employer must report on the health care coverage offered to full-time employees. The information must be reported to the Internal Revenue Service and to certain individuals.

The first reports are due in the first quarter of 2016, but employers need to start preparing now. To help employers ensure they meet the Section 6056 deadlines, the following FAQs have been added to previously released Section 6056 FAQs in the Health Care Reform Resource Center:

New FAQs on Section 6055 reporting requirements were released earlier this month. FAQs applicable to both Sections 6055 and 6056 will be released shortly.