Since 1943, the all too familiar W-2 has been a measure of a company's compensation to each of their employees.

But this year, Form 1095-C is a further requirement for employers with 50 or more workers.

Millions of American employees will receive this form for the first time by January 31st, 2016.

There are many changes that will go into effect for next year's American taxes, but Form 1095-C will have the biggest ramifications for HR.

This form requires businesses to give a month-by-month breakdown of health insurance provision for every one of their employees.

This helps the IRS more accurately manage worker health care subsidies, as well as employer penalties for not properly providing coverage.

This information may be easily generated through digital means, but lots of American HR teams haven't made the jump to digital record keeping.

In situations like this, preparing for the 1095-C can be a huge administrative hurdle.

Read full article at HuffPost Politics Blog.