Frequently Asked Questions Regarding Form 1095 (article)
For many, the deluge of tax documents arriving throughout the tax season includes various types of Form 1095.There are three types of Form 1095 that a taxpayer may receive, which include:
These forms are provided as a result of the Affordable Care Act, and provide information pertaining to health insurance coverage provided during the previous year. These forms are not all provided at the same time, and sometimes do not arrive until early March. Nevertheless, taxpayers may not always need to do anything with these forms, or wait to receive them in order to file their tax returns.
To assist taxpayers with frequently asked questions regarding the purpose of Form 1095, CBIZ has prepared a quick-reference guide that provides background information and answers to these common questions, which you can download here. Additionally, the IRS published a list of questions and answers regarding these Forms, which you may also find helpful. We hope that this information assists you with the documentation gathering process used to file your return. For further assistance with these Forms, please contact your local CBIZ MHM tax professional.
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