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Compliance AUGUST 2016Employee Benefits Compliance Update USI Insurance Services Employee Benefits Compliance Practice In this issue Page IRS releases drafts of 2016 Forms 1094/1095C and instructions1

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The IRS releases drafts of tax forms and instructions for the upcoming tax year.

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Taxpayers are required to file IRS releases drafts of the applicable tax forms for their specific situation.

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The purpose of IRS releases drafts of tax forms is to help taxpayers accurately report their income, deductions, and credits to comply with tax laws.

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Income, deductions, credits, and other financial information relevant to the taxpayer's tax situation must be reported on IRS releases drafts of tax forms.

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