As in previous years, here are the steps we are taking for Affordable Care Act tax reporting for our conference for 2020:
- The Conference will file 1095-B forms for all of the participants on our health care plan. This means that local churches with less than 50 employees will not need to file any forms.
- The Conference will file 1095-C forms as an applicable large employer for anyone on the annual conference payroll.
- If your church has close to or over 50 employees, please review guidance from Wespath to help determine if you must file as an applicable large employer.
The deadline for filing these forms is March 2nd, so you will receive your copies shortly thereafter.
You do not have to wait on your 1095-B or C forms to file your tax return for 2020. Here is information from the IRS on this topic. Specifically, see questions #3 and #14.