ACA Employer Reporting Deadline Extension for Furnishing 1095-B and 1095-C Forms to Individuals

As it did last year, the IRS has extended the due date for furnishing the 1095-B and 1095-C forms to individuals for the 2017 reporting year.  IT DOES NOT EXTEND THE IRS FILING DEADLINES.  The IRS made the announcement through Notice 2018-06 “Extension of Due Date for Furnishing Statements and of Good-Faith Transition Relief under I.R.C. Sections 6721 and 6722 for Reporting Required by I.R.C. Sections 6055 and 6056 for 2017.”

 

The due date for furnishing the 2017 Forms 1095-B and 1095-C to applicable individuals has been extended for 30 days.  The new deadline is March 2, 2018.  The due date for filing the 2017 Forms 1094-B and 1094-C with the IRS remains unchanged (February 28, 2018 or April 2, 2018 if filing electronically).

 

In addition, the IRS Notice has now extended the “Good Faith Transition Relief” that was available to employers with their 2016 filings.

 

In view of this automatic extension, the provisions under Treas. Reg. §§ 1.6055-1(g)(4)(i)(B)(1) and 301.6056-1(g)(1)(ii)(A) allowing the Service to grant extensions of time of up to 30 days to furnish Forms 1095-B and 1095-C will not apply to the extended due date. Notwithstanding the extensions provided in this notice, employers and other coverage providers are encouraged to furnish 2017 statements as soon as they are able.

 

As always, we are here to assist you with questions about the preparation of the 1095 forms.  Please feel free to contact us or your Account Executive for assistance.