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Posts published in “1095-C”

IRS Extends Due Date for 2016 ACA Reporting


Yesterday, November 18, the IRS issued Notice 2016-70, which extends the due date for the 2016 requirement to furnish ACA-related statements to individuals for insurers, self-insuring employers, and certain other providers of minimum essential coverage under I.R.C. § 6055, and for applicable large employers under I.R.C. § 6056, and extends good-faith transition relief from section 6721 and 6722 penalties to the 2016 information-reporting requirements under sections 6055 and 6056.  The due date is extended from January 31st, 2017 to March 2nd, 2017. The notice also provides guidance to individuals who, as a result of these extensions, might not receive a…

IRS Extends Due Dates for 2015 ACA Reporting


Today, December 28th, 2015, the Internal Revenue Service issued Notice 2016-4, which extends the due dates for 2015 Information Reporting under I.R.C. sec 6055 and 6056, which includes the 1095-B and C forms and the 1095-B and C forms. This is great news for the many employers faced with the new filing requirements of these forms, and provides them with additional time to get their information together.  The extended due date to issue the 1095-B or 1095-C forms to full-time employees has been extended from February 1st, 2016 to March 31st, 2016, as well as an extension of filing the forms to the…

IRS Releases Final Version of the Year End ACA Forms


This past week, the Internal Revenue Service has published the final versions of Forms 1094-C and 1095-C, and their respective instructions for tax year 2015.  These forms will be used by employers to report offers of health insurance coverage made to their full-time employees after year end.  While not much has changed on the forms themselves from the earlier draft, there has been some clarification in reporting in the final version of the instructions. Applicable large employers (ALE) must file these forms with the IRS annually, no later than February 28 (March 31 if filed electronically) of the year immediately…