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IRS Issues Delay In ACA Reporting Requirement

Jan 18, 2016

On December 28, 2015, the IRS announced an extension of the due dates for 2015 Patient Protection and Affordable Care Act (ACA) information reporting by employers, insurers, and other reporting entities. The extension applies to Forms 1094-C and 1095-C for individuals.

The IRS also announced an automatic 60-day extension for employers to provide Forms 1095-B and 1095-C that must be distributed to employees from January 31 to March 31 each year. The due date for the submission of Forms 1094-B and 1094-C was also extended from March 31, 2016 to June 30, 2016, if filing electronically. The extension, if not filing electronically, is extended from February 28, 2016 to May 31, 2016.

The notice also explains that some employees who enrolled in coverage through the federal or State Marketplace (the Public Exchange) could be affected by the extension, if they do not receive their Forms 1095 C before they file their income tax returns. However, the individuals who rely upon other information received from employers about their offers of coverage for purposes of determining eligibility for the premium tax credit when filing their income tax returns need not amend their returns once they receive their Forms 1095-C or any corrected Forms 1095-C from the employer.