IRS Releases Draft Forms For 2017 ACA Reporting

The Internal Revenue Service has released drafts of the forms it will use for Affordable Care Act reporting for 2017, including form 1095-A (used by exchanges); forms 1094-B, and 1095-B, (used by insurers and other entities that offer coverage); forms 1094-C, and 1095-C (used by large employers); and draft instructions for the 1095-A. The IRS…

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ACA Round-Up: Hospital Nonprofit Status, ACA Nondiscrimination Litigation, And More

American non-profit hospitals have long qualified for tax exempt status under federal law as “charitable” organizations. They are often afforded exempt status from state and local property, sales, and income tax under similar requirements. The Affordable Care Act imposed additional requirements that hospitals must meet if they wish to retain federal tax exempt status. These…

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