518-373-4111
The Affordable Care Act form 1095-C distribution deadline has been extended by the IRS. This means that applicable large employers (those with 50 or more full-time equivalent employees) must now distribute Form 1095-C to employees by March 2, 2018. The previous deadline was January 31, 2018. The extension also applies to small employers with self-funded plans, who now have until March 2 to distribute Form 1095-B to employees.
This extension applies only to the forms distributed to individuals. Employers must still file the 2016 Forms 1094-B and 1095-B (for small employers with self-funded plans) or Forms 1094-C and 1095-C (for applicable large employers) with the IRS by February 28, 2018, for paper filing, or April 2, 2018, if filing electronically. Employers with fewer than 50 full-time equivalent employees are not subject to these reporting requirements or to the ACA mandate.
The IRS has also extended “Good Faith Transition Relief” for the 2017 reporting year. Employers who can show they made good faith efforts to comply with the reporting requirements will not be penalized for incorrect or incomplete information reported for the 2017 tax year.
Learn more about GTM’s ACA reporting service, and contact us at (518) 373-4111 for more information.
