IRS Extends ACA Reporting Deadline for Forms 1095 to Individuals

IRS Extends ACA Reporting Deadline for Forms 1095 to Individuals

Breaking:  IRS released Notice extending the due dates for the 2018 inf2018 1095-B Extensionormation reporting requirements for employers to furnish information on returns and statements regarding minimum essential coverage provided to individuals.

Specifically, the notice extends the due date for furnishing the following to individuals: the 2018 Form 1095-B, Health Coverage, and the 2018 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2019 to March 4, 2019.

Lastly, IRS extends the good-faith relief in Notice 2016-70 that applied to filings in 2015 to 2016 and 2017 and now to 2018. This relief applies to missing and inaccurate taxpayer identification numbers and dates of birth, as well as other information required on the return or statement.
To show good faith efforts to qualify for this relief, filers must meet applicable deadlines. However, IRS recognizes that late filers may still be able avoid penalties by showing reasonable cause for missing the due dates.

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The information provided herein is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any federal tax penalties. Entities or persons distributing this information are not authorized to give tax or legal advice. Individuals are encouraged to seek specific advice from their personal tax or legal counsel.

1095 Filing Extended to March 2, 2017

1095 Filing Extended to March 2, 2017

1095 Filing Extended to March 2, 2017.

The employer reporting deadlines are delayed, not deleted! When are the 1095 filing forms due?

Form
Delivered to the Employee
Delivered to the IRS (Paper)
Delivered to the IRS (Electronically)
1095-C
3/2/2017
2/28/2017
3/31/2017
1094-C
N/A
2/28/2017
3/31/2017
What does this mean?
Similar to last year, the IRS is making an accommodation to employers to prepare their forms.  The filings are still due to the IRS as per the original deadline.  Our HR/Payroll parters are still prepared to help your compliance needs and meet all of the deadlines and reporting burdens.
For a copy of Notice, please click on the link below:
https://www.irs.gov/pub/irs-drop/n-16-70.pdf
Please contact our team for immediate answers on your HR/Payroll/Compliance needs at Millennium Medical Solutions Corp (855)667-4621 for immediate answers.
Note: This delay does not impact the timing of Form 1095 A, Health Insurance Marketplace Statement. 1095 A is the form you receive if you purchase your health insurance through the Marketplace and not through your employe
See FAQ here 1095-C FAQ ALE
Sincerely,
Alex Miller
See FAQ here