The IRS has extended the deadline by which applicable large employers (ALEs) and entities providing minimum essential coverage (MEC) must distribute Forms 1095-B and 1095-C to individuals for the 2017 reporting year. See IRS Notice 2018-06 available at: https://www.irs.gov/pub/irs-drop/n-18-06.pdf. These forms were previously due to individuals no later than January 31, 2017. The extended deadline for providing these forms to individuals is now March 2, 2018.
Note: There is currently no extension for filing these forms with the IRS. The deadline for filing via mail remains February 28, 2018. The deadline for electronic filing remains April 2, 2018.
Notice 2018-06 also extends the “good faith efforts” standard to 2017 reporting. As a result, reporting entities may avoid penalties for incomplete or incorrect 2017 Forms 1094/1095 if the forms are timely provided to individuals and/or timely filed and the reporting entity made good faith efforts to comply with the reporting requirements.
Please contact us if you have any questions, or need assistance with the 2017 ACA reporting.
As a leader in employee benefits law, Darcy Hitesman founded Hitesman & Wold in order to help public and private employers, insurers and third-party administrators nationwide stay informed and minimize the risk of non-compliance issues.
Hitesman & Wold provides a wealth of legal experience to their clients in the areas of ERISA, COBRA, HIPAA, Health Care Reform, welfare plans, cafeteria plans, HRAs, and VEBAs.
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