Need help selecting a firm?

Tell us about your project and get introduced to the best accounting and tax firm for your needs.

Get Started

California Differences - Large Employer Excise Tax

California has no equivalent penalty does not penalize employers for not offering health insurance coverage to their employees. However, insurance providers are required to report health coverage information to the FTB annually by March 31 or face a penalty. However, no penalty will apply if the return is filed on or before May 31. Employers are similarly required to report insurance information to the FTB by March 31, but only if their insurance providers do not report to the FTB. This requirement comes from the individual shared responsibility penalty that was enacted at the same time as the individual health care mandate. The insurer/employer penalty for not reporting is $50 per individual who was provided health coverage.

The following publications provide information about reporting minimum essential coverage:

Form 1094-C and Form 1095-C are subject to the requirements to file returns electronically.

TaxBuzz Guides