What are the 1094 forms?

What are the 1094 forms?

• A. They are annual tax forms for employees.
• B. They are notices about plan changes to retirees.
• C. They are transmittals/summaries—1094B is sent by the carrier, 1094C by the plan sponsor.
• D. They are forms used to apply for subsidies.

Answer: (C)

1094 forms are IRS transmittal documents that accompany the ACA information returns (the 1095 series) when they’re filed with the IRS. They summarize and transmit the 1095 forms to the IRS, helping match each return to the issuer. The version sent by the health insurance carrier is 1094-B, and the version sent by the plan sponsor (employer) is 1094-C. These forms aren’t sent to employees; they’re internal filing tools used to report coverage information to the IRS.

1094 forms are IRS transmittal documents that accompany the ACA information returns (the 1095 series) when they’re filed with the IRS. They summarize and transmit the 1095 forms to the IRS, helping match each return to the issuer. The version sent by the health insurance carrier is 1094-B, and the version sent by the plan sponsor (employer) is 1094-C. These forms aren’t sent to employees; they’re internal filing tools used to report coverage information to the IRS.