IRS delays ACA information reporting deadlines

In order to give employers and other insurance providers additional time to meet the Affordable Care Act (ACA) information reporting requirements, the IRS has extended the due date to report health care coverage information for calendar year 2017 to employees from Jan. 31 to March 2.

Applicable large employers (employers with 50 or more full-time and full-time-equivalent employees) use Form 1095-C, “Employer-Provided Health Insurance Offer and Coverage,” to report health coverage information to employees and Form 1094-C, “Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns,” to transmit information to the IRS. Other health insurance providers use Form 1095-B, “Health Coverage,” to report information to insured individuals and Form 1094-B, “Transmittal of Health Coverage Information Returns,” to transmit information to the IRS.

Forms 1095-C and 1095-B are generally due to employees and insured individuals by Jan. 31 of each year. In Notice 2018-6, the IRS extended the due date for furnishing the 2017 Forms 1095-C and 1095-B from Jan. 31, 2018, to March 2, 2018.

Forms 1094-B, 1095-B, 1094-C, and 1095-C must still be filed with the IRS by Feb. 28, 2018, if not filed electronically, or April 2, 2018, if filed electronically.

The notice also provides transition relief from information-return penalties under Sections 6721 and 6722 to reporting entities that can show that they have made good-faith efforts to comply with the information reporting requirements. 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. No relief is provided in the case of reporting entities that fail to file an information return or furnish a statement by the due dates.

Eddie Adkins Partner, Washington National Tax Office
T +1 202 521 1565

Jeffrey Martin
Partner, Washington National Tax Office
T +1 202 521 1526

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