The IRS has released final rules to implement the information reporting provisions for insurers and certain employers under the Affordable Care Act that take effect in 2015. 

The final regulations (TD 9610) provide guidance to employers that are subject to the information reporting requirements under section 6056 of the Internal Revenue Code (Code) (generally, employers with at least 50 full-time employees, including full-time equivalent employees).

The IRS also released final regulations (TD 9660) providing guidance to providers of minimum essential health coverage that are subject to the information reporting requirements of section 6055 of the Code.  The regulations state, “Health insurance issuers, certain employers, and others that provide minimum essential coverage to individuals must report to the IRS information about the type and period of coverage and furnish the information in statements to covered individuals. These final regulations affect health insurance issuers and carriers, employers, governments, and other persons that provide minimum essential coverage to individuals.”

The Department of the Treasury released a fact sheet on the final regulations.

The regulations can be accessed via: TD 9661.pdf & TD 9660.pdf