The due date to distribute ACA forms to employees has been extended. Applicable large employers (those with 50 or more full-time or full-time equivalent employees) can wait to distribute Form 1095-C to employees until March 2, 2017 (was January 31 previously). The extension also applies to small employers with self-funded plans, who now have until March 2 to distribute Form 1095-B to employees.<\/p>\n
The distribution of this form is one part of the reporting requirements under the Affordable Care Act for employers who are subject to the Employer Mandate<\/a>. The additional 30 days gives employers more time to gather the relevant information and prepare the forms.<\/p>\n 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, 2017, for paper filing, or March 31, 2017, if filing electronically. Employers with fewer than 50 full-time or full-time equivalent employees are not subject to these reporting requirements or to the ACA mandate itself.<\/p>\n The IRS has also extended Good Faith Transition Relief<\/a> to the 2016 reporting year. Employers who can show they made good faith efforts to comply with the information-reporting requirements will not be penalized for incorrect or incomplete information reported for the 2016 tax year.<\/p>\n GTM understands the complexities of ACA reporting. Our team of experts can help you stay compliant with these regulations. Contact us<\/a> at (518) 373-4111 to learn about our ACA Reporting Services<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The due date to distribute ACA forms to employees has been extended. Applicable large employers (those with 50 or more full-time or full-time equivalent employees) can wait to distribute Form 1095-C to employees until March 2, 2017 (was January 31 previously).<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[231],"tags":[8,26,90],"post_folder":[],"class_list":["post-4224","post","type-post","status-publish","format-standard","hentry","category-gtm-biz-blog-hcm","tag-affordable-care-act","tag-irs","tag-reporting"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/4224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=4224"}],"version-history":[{"count":3,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/4224\/revisions"}],"predecessor-version":[{"id":14617,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/4224\/revisions\/14617"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=4224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/categories?post=4224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/tags?post=4224"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/post_folder?post=4224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}