The IRS has released the business rules and specifications for electronic reporting of tax year 2019 healthcare coverage information in 2020. As a reminder, although the individual mandate penalty was zeroed out, the employer mandate and its reporting obligations and penalties remain in effect.
There are no changes to the Form-to-Schema Crosswalks; however, there are a few relevant changes to the business rules:
- For 1094-B, 1094-C, and Shared Rules, business rules relating to Testing Scenarios were changed.
- New rule for the Manifest Header when there is a foreign address. The Manifest Header contains transmitter’s address information.
- The wording of the Form 1095-B business rules changed but they remain essentially the same.
- Two new Form 1095-C business rules that replace previous ones with new reporting logic. Further information will be available once the 2019 form instructions are released.
