July 24, 2014
On July 24, 2014, the ibet released draft forms that employers will use to report on health coverage that they offer to their employees. In accordance with the ibet’ normal process, these draft forms are being provided to help stakeholders, including employers, tax professionals and software providers, prepare for these new reporting provisions and to invite comments from them. We anticipate that draft instructions relating to the forms will be posted to ibet.gov in August. Both the forms and instructions will be finalized later this year.