The Internal Revenue Service has just announced an extension on the 2016 Form 1095-C, Employer Provided Health Insurance Offer and Coverage. Previously, the 1095-C was due to full time employees on January 31, 2017. Although the IRS had previously indicated not to expect an extension, an extension was granted for the 2016 Form 1095-C. The IRS Notice extends the due date to March 2, 2017. This Notice also extends good-faith transition relief from Section 6721 and 6722 penalties to the 2016 information-reporting requirements under Sections 6055 and 6056. Similar to the relief provided last year, the IRS has indicated that reporting entities that have made good-faith efforts to comply with the information reporting requirements for incorrect or incomplete information reported on the return statement, will be provided relief. This relief applies to missing or inaccurate tax identification numbers, dates of birth, as well as other information required by the regulation.
This Notice does not extend the due date for the filing with the IRS. Therefore, 1094-B, 1095-B, 1094-C, or 1095-Cs, will be due on February 28, 2017, if filing by mail, or March 31, 2017 if filing electronically.
To view the full IRS Notice, please click here.
As always, if you have any ACA Reporting questions, please do not hesitate to reach out to our office. Innovative Benefit Planning will also be conducting an ACA Reporting Workshop on December 9, at our Moorestown office. For more information, see here.
