Employers Get More Time on ACA Reporting

That popping sound you heard last night as 2015 transitioned to 2016 was from employers uncorking the bubbly on word that they’ve been given more time to file some reports under the Affordable Care Act.

The Treasury Department and Internal Revenue Service announced this week that employers will have two more months past Feb. 1 to give individuals forms for reporting on offers of health coverage and the coverage provided.

And the deadline for reporting this information to the IRS has been moved up by three months from the previous Feb. 29 due date for paper filings and the March 31 date for electronic returns.

Here’s the breakdown by calendar dates:

  • The extended deadline for furnishing the 2015 Form 1095-C and Form 1095-B to individuals is March 31, 2016 (it was Feb. 1, 2016).
  • The extended deadline for filing the 2015 Forms 1094-C and 1095-C with the IRS is June 30, 2016 if filed electronically (it was March 31, 2016).  If filing in paper form, the new deadline is May 31, 2016 (it was Feb. 29, 2016).
  • The extended deadline for filing the 2015 Forms 1094-B and 1095-B with the IRS is June 30, 2016 if filed electronically (it was March 31, 2016).  If filing in paper form, the new deadline is May 31, 2016 (it was Feb. 29, 2016).

The announcement of the extension was contained in IRS Notice 2016-4.

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