On August 1, 2016, the IRS released draft instructions for Forms 1094-C and 1095-C for the 2016 reporting year.
While these instructions may not be the final versions, it is important for filers to monitor the updates and changes from 2015 instructions as they prepare for the 2016 filings, which will be due in early 2017.
Draft versions of the 1094-C and 1095-C instructions and Form 1094-B/1095-B and Form 1094-C/1095-C for 2016 are available here.
This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.