Notification about Form 1095-B Reporting for employees previously on our medical plan in 2019:

Per: https://www.irs.gov/pub/irs-drop/n-19-63.pdf

“Relief Regarding the Furnishing Requirement under Section 6055 for 2019 In Notice 2018-94, the Treasury Department and the Service stated that, because the individual shared responsibility payment is reduced to zero for months beginning after December 31, 2018, they were studying whether and how the reporting requirements under section 6055 should change, if at all, for future years. The Treasury Department and the Service continue to do so and to request comments. Because the individual shared responsibility payment is reduced to zero in 2019, an individual does not need the information on Form 1095-B in order to compute his or her federal tax liability or file an income tax return with the Service. Nonetheless, reporting entities required to furnish Form 1095-B to individuals must expend resources to do so. At this time, the Treasury Department and the Service have determined as a matter of enforcement priorities that, for 2019, relief from the penalty under section 6722 for failing to furnish a statement as required under section 6055 is in the interest of sound tax administration in certain cases. In particular, the Service will not assess a penalty under section 6722 against reporting entities for failing to furnish a Form 1095-B to responsible individuals in cases where the following two conditions are met (the 2019 -8- section 6055 furnishing relief). First, the reporting entity posts a notice prominently on its website stating that responsible individuals may receive a copy of their 2019 Form 1095-B upon request, accompanied by an email address and a physical address to which a request may be sent, as well as a telephone number that responsible individuals can use to contact the reporting entity with any questions. Second, the reporting entity furnishes a 2019 Form 1095-B to any responsible individual upon request within 30 days of the date the request is received.”

For 2019  Form 1095-B Form Inquiries please contact:

Veronika at 307-733-3333

Garaman, Inc.

PO Box 36, Jackson, WY 83001