Our 1095-C Refresher Webinar for the Monthly method is now ready to view in this blog, including an FAQ section. The following video shows the webinar in full. We will be posting an edited version soon.
Questions
Yes, if an employee has at least one month of working full-time, they will receive a 1095-C. Each month will show their particular status.
*waiting for answer*
No, you will have to apply for separate TCC’s.
Yes, you will need to create two 1094-C transaction files – one for the IRS and one for the FTB. The State and State TCC should only be entered on the transaction you are doing for the state.
You can use the same TCC code that you used for filing 1095’s last year.
We have seen anywhere between 10 to 45 days. Click here for more information about filing for an extension if you do not get the TCC code by the filing deadline.
You can also contact the IRS help desk (Monday-Friday, 7am-7:30pm ET) with questions regarding the application for TCC. Toll free: 866-937-4130
The deadline for providing information returns to employees is January 31; no extensions are available. The FTB does not impose a penalty for a failure to provide returns to individuals by this deadline.
Forms must be provided to the IRS by March 31 if filing electronically (February 28 if filing on paper).
Form 1094-C is used to report to the IRS summary information for the employer. Form 1095-C is used to report information for each employee and is sent to both employees and the IRS.