The Internal Revenue Service extended the due dates yesterday for 2015 ACA information reporting by insurers and self-insured employers. Yesterday’s notice provides for an automatic 60-day extension for filing forms 1095-C and 1095-B to employees and an “automatic” three month extension for filing the forms with IRS. A copy of the notice can be viewed here.
The Council is advocating for legislation that would require Treasury and the IRS to streamline the reporting requirements and ease the reporting burden placed on employers. We consider the extension good news and will continue to advocate for more sound reporting forms and mechanisms.
Following yesterday’s notice, the due dates are as follows:
- For furnishing the 2015 Form 1095-B and the 2015 Form 1095-C to the insured and/or employees, the due date is extended from January 31, 2016, to March 31, 2016.
- The new due date for health coverage providers and employers furnishing the 2015 Form 1094-B and the 2015 Form 1094-C to the IRS is extended from February 28, 2016, to May 31, 2016, if not filing electronically.
- The new due date for health coverage providers and employers electronically filing the 2015 Form 1094-B and the 2015 Form 1094-C with the IRS is extended from March 31, 2016, to June 30, 2016.
Please contact Joel Wood at firstname.lastname@example.org or Joel Kopperud at email@example.com with any questions on these matters.