In addition to the federal requirements, be sure to read and understand the Nonemployee Compensation (NEC) reporting requirements that apply in your state. These obligations vary drastically from state to state, and you need to be aware of many associated misconceptions. Click on the state reporting link above to learn more.
To help you better understand the reporting process related to the Affordable Care Act (ACA), we offer our users a handy alphabetized list of relevant terms and their definitions. Knowing what these terms mean is vital for anyone required to meet the ACA reporting requirements. Click on the 1094/1095-C link on this page to gain an understanding of the terms you need to know.