IRS EXTENDS DEADLINE FOR EMPLOYER HEALTH INSURANCE NOTICES & FORMS

Michael Raiken, CPA

It looks like the IRS is providing help to some employers in keeping their New Years’ resolution to timely comply with the Affordable Care Acts’ information reporting requirements. On December 28, 2015, the IRS issued Notice 2016-4 extending the due dates for the 2015 information reporting requirements for applicable large employers and for insurers, self-insuring employers, and some other providers of minimum essential coverage.

  • Employers have until March 31, 2016 to provide their employees the 2015 Form 1095-B, “Health Coverage” and the 2015 Form 1095-C, “Employer-Provided Health Insurance Offer Coverage”.
  • Employers not filing electronically now have until May 31, 2016 to submit the 2015 Forms 1095-B, 1095-C, 1094-B “Transmittal of Health Coverage Information Returns,” and 1094-C, “Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns” to the Service.
  • Employers filing electronically now have until June 30, 2016 to submit the 2015 Forms 1095-B, 1095-C, 1094-B “Transmittal of Health Coverage Information Returns,” and 1094-C, “Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns” to the Service.

The automatic and permissive extension provisions will not apply to these extended due dates.

The extended deadlines will not impact employees enrolled in employer-sponsored coverage and employees will still be able to file their returns timely by April 15th. The forms with the extended deadlines assist in determining individual eligibility for a premium tax credit, which is subject to very specific rules for health insurance coverage purchased through the Marketplace.

For further questions on the extended deadlines and these forms, please contact us.

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