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IRS extends ACA reporting deadlines

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Tax Hot Topics newsletter The IRS released Notice 2019-63 to extend the due dates for certain 2019 Affordable Care Act (ACA) information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage and for applicable large employers. The notice extends the due date for furnishing to individuals the 2019 Form 1095-B, Health Coverage, and the 2019 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2020, to March 2, 2020. However, the due date for filing with the IRS 2019 Forms 1094-B, 1095-B, 1094-C, or 1095-C remains Feb. 28, 2020, if not filing electronically, or March 31, 2020, if filing electronically.

The notice also provides that the IRS will not impose a Section 6722 penalty on reporting entities that fail to furnish a Form 1095-B to responsible individuals provided certain conditions are met. The IRS also extends transitional good-faith relief from Sections 6721 and 6722 penalties to the 2019 information reporting requirements under Sections 6055 and 6056.

Contacts:
Jeff Martin
Partner
Washington National Tax Office
T +1 202 521 1526

Keith Mong
Managing Director
Washington National Tax Office
T +1 202 521 1554

James Sanchez
Senior Associate
Washington National Tax Office
T +1 202 861 4107

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