IRS Extends Distribution Deadline for Form 1095-C

Blog
January 3, 2018

The Internal Revenue Service (IRS) continues to recognize that the Affordable Care Act (ACA) reporting requirements under Code Sections 6055 and 6056 still pose challenges to both employers and health insurance providers. As a result, IRS Notice 2018-06 was recently released, extending the deadline for reporting to employees and covered individuals from January 31, 2018 to March 2, 2018. The extension is automatic. The deadline for filing with the IRS remains unchanged. A summary of the various deadlines is below:

  • Forms to employees and covered individuals – March 2, 2018
  • Electronic transmittal of Forms 1095-C, 1094-B, 1094-C, and 1095-B to the IRS – April 2, 2018
  • Paper transmittal of Forms 1095-C, 1094-B, 1094-C, and 1095-B to the IRS – February 28, 2018

Additionally, the IRS reiterated the good faith compliance standard. Penalties will not be assessed for inaccurate or incomplete filings as long as filers can show forms were prepared in good faith. Filers are only eligible for this relief if forms are filed and distributed timely.

Please contact Mark Flanagan of Aronson’s Compensation and Benefits Practice at 301.231.6257 or mflanagan@aronsonll.com to further discuss the impact of this reporting relief.