IRS Extends Deadlines for Employer ACA Reporting

Authored by Dannae L. Delano

Dec 29, 2015

Earlier this week, the Internal Revenue Service (IRS) extended the deadline for 2015 Affordable Care Act (ACA) information reporting. In Notice 2016-4, issued by the IRS on Dec. 28, the agency extended the deadlines for both furnishing employees and covered individuals required forms and filing the required forms with the IRS. Nevertheless, the IRS urges that reporting be completed and filed as soon as possible regardless of the extensions.

Employers have expressed confusion, lack of guidance and being ill prepared to complete and file the required forms (See also “Five Tips for Employers Completing Forms under the Affordable Care Act”). Reporting is required in 2016 to report coverage provided in 2015. Following consultation with those required to report, the IRS determined that some employers, insurers, and other providers of minimum essential coverage need additional time to adapt and implement systems and procedures to gather, analyze, and report the required information.

The IRS extended the deadline for furnishing employees with the Form 1095-C (Employer Provided Health Insurance Offer and Coverage) or the 2015 Form 1095-B (Health Coverage), as applicable, from Feb. 1, 2016, to March 31, 2016.

The IRS has also extended the deadline for filing with the IRS the Form 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and Form 1095-Cs, or the Form 1094-B (Transmittal of Health Coverage Information Returns) and Form 1095-Bs, as applicable, from Feb. 29, 2016 to May 31, 2016 (if not filing electronically) and from March 31, 2016, to June 30, 2016 (if filing electronically). Any employer filing 250 or more forms must do so electronically.

The notice also provides guidance to individual income tax filers who might not receive a Form 1095-B or Form 1095-C by the time they file their 2015 tax returns.

If you have any questions about ACA reporting or any other employee benefits matter, please do not hesitate to contact Dannae Delano or Jamie Westbrook.

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