The rules surrounding your health insurance and taxes have shifted in the past few years, as has the utility of the Form 1095.

The 1095 forms verify your health care insurance status for tax purposes. 1095-A forms debuted in 2015, while taxpayers received 1095-B or 1095-C forms for the first time in 2016.

Employers, businesses, and tax professionals can now e-file 1099, 1098, and 1095 forms with TaxBandits to meet the IRS e-filing deadline.

Note that while these requirements for furnishing the 1095-B and 1095-C to individuals has been modified, these forms must still be transmitted to the IRS along with their Form 1094 counterparts.

The Internal Revenue Service (IRS) has released updated Schedule B tax form instructions and printable forms for the tax years 2023 and 2024. TRAVERSE CITY, MI, US, January 3, 2024 /EINPresswire ...

The proposed regulations also provide an alternative method for furnishing Forms 1095-B (and in limited circumstances, Forms 1095-C) by posting a website notice.

Affordable Care Act forms 1095-B and 1095-C will now have an automatic 30-day extension applied for furnishing recipient copies. Industry experts expect this change to be permanent starting in 2023.

Print Form 1094-B: Transmittal of Health Coverage Information Return Print ACA Form 1095-C, 1094-C, 1095-B and 1094-B on white paper for recipients and IRS with inkjet or laser printer.

Depending on the business, Forms 1095-C or 1095-B should be filed with the IRS and distributed to their employees.

Overall, the new IRS Schedule B tax form instructions and printable forms for 2023 and 2024 provide taxpayers with important information and tools to help them accurately report their income and ...