Extended Due Dates for Employer ACA Information Reporting

The IRS has announced extended due dates and penalty relief for 2016 information reporting mandated by the Affordable Care Act (ACA). The ACA requires detailed information reporting for insurers, self-insured employers, certain other providers of minimum essential coverage under IRC Sec. 6055 , as well as employers with 50 or more full-time employees. Employers will now have until 3/2/17, rather than 1/31/17, to issue the 2016 forms to individuals for reporting about the health coverage on Form 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage). Good-faith transition relief from penalties under IRC Secs. 6721 and 6722 for 2016 information reporting under IRS Secs. 6055 and 6056 is also extended. Notice 2016-70, 2016-49 IRB.

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