Thursday, January 7, 2016

ACA Information Reporting Deadlines Extended

Applicable large employers have until 3/31/16, to provide Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) to each full-time employee. Form 1095-C is used to report information on health insurance coverage offered (or not offered) to employees. Additionally, the forms do not have to be filed with the IRS until 5/31/16, if filing on paper, or 6/30/16, if filing electronically. Similar extensions are provided for entities that must report information on Form 1095-B (Health Coverage). Individuals who file their personal income tax returns before receiving the applicable reporting forms and rely on other available information will not need to amend their returns once they receive Form 1095-B or Form 1095-C if the information is different. Notice 2016-4, 2016-3 IRB .

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