More Time for Some ACA Reporting

Published on December 22, 2016

The IRS has extended the 2017 due date for employers and coverage providers to furnish information statements to individuals – but the due date for filing with the IRS has not been extended. 

IRS Notice 2016-70 explained the upcoming 2017 reporting due dates:

Applicable large employers, including those that are self-insured, must send Forms 1095-C to full-time employees by March 2; and must file Forms 1095-C and 1094-C with the IRS by Feb. 28 for paper and March 31 for e-filing. (Applicable large employers that provide employer-sponsored self-insured health coverage to non-employees may use either 1095-B or 1095-C to report coverage for those individuals and other family members.) 

Self-insured employers that are not applicable large employers must send Forms 1095-B to responsible individuals by March 2, and must file Forms 1094-B and 1095-B with the IRS by Feb. 28 for paper and March 31 for e-filing. 

Coverage providers, other than self-insured applicable large employers, must sent Forms 1095-B to responsible individuals by March 2, and must file Forms 1094-B and 1095-B with the IRS by Feb. 28 for paper and March 31 for e-filing. 

These dates apply only for reporting in 2017 for coverage in 2016. 

Those who file 250 or more 1095-Bs or 1095-Cs must e-file them with the IRS.

(Source: AccountingToday – Tax Practice – December 1, 2016)