In this short informational video, subject matter expert Wendy Walker provides an overview of form 1095-C and covers these important topics:
- Helpful reminders for Form 1095-C reporting
- Electronic filing threshold changes for tax year 2023
- Increased penalties for incorrect or late filing
- Filing best practices
March 1, 2024 Update: In a late breaking change, the IRS released Notice 2024-26 announcing a delay in the new requirement to electronically file Form 1042 (the Annual Withholding Tax Return for U.S. Source Income paid to foreign payees) for 2023 transactions with the IRS’s Modernized e-File (MeF) system.
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