IRS delays deadline for ACA reporting

November 22, 2016

ACA 2016 iconOn November 18, 2016, the IRS issued a notice that extends the deadline for insurers and self-insuring employers to furnish ACA-related statements to individuals, and extends good-faith transition relief penalties to the 2016 information-reporting requirements.

The normal deadline of January 31, 2017 for furnishing the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, has been extended until March 2, 2017.

This Notice also provides guidance to individuals who, as a result of these extensions, might not receive a Form 1095-B or Form 1095-C by the time they file their 2016 tax returns.

To date the IRS has not penalized employers who submitted incorrect or incomplete 1095-B or 1095-C forms when documentation of a good effort to comply with the reporting requirements could be provided.

Read the full IRS Notice 2016-70 for more details.




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