With the 2015 tax year over, it’s time to begin thinking about ACA reporting for the 2016 tax year. The ACA reporting deadlines for 2017 will not automatically extend as they did in 2016, so filers will want to apply for an extension using form 8869. According to the IRS,
“You can get an automatic 30-day extension of time to file by completing Form 8809, Application for Extension of Time to File Information Returns. The form may be submitted on paper, or through the FIRE System either as a fill-in form or an electronic file. No signature or explanation is required for the extension. However, you must file Form 8809 by the due date of the returns in order to get the 30-day extension. Under certain hardship conditions you may apply for an additional 30-day extension. See the instructions for Form 8809 for more information.”
What are the ACA Reporting Deadlines for Tax Year 2016?
Tax Year 2016 ACA Deadlines
|Jan 31st||Feb 28th||Mar 31st|
|All 1095-B/1095-C employee copies must be mailed.||ACA Paper File Deadline (If the employer is eligible for paper filing)||ACA E-File Deadline
(1094-C and 1095-C forms must be electronically submitted if more than 250 forms are being filed) From <https://www.irs.gov/affordable-care-act/employers/deadline-reminder-for-employers-providers-efile-information-returns-with-irs-by-june-30>
Section 6055 provides that every Applicable Large Employer (ALE) must file their information returns on or before March 31st (if filed electronically) or before February 28th (if the employer is eligible for paper filing). Employee copies must be furnished to eligible employees on or before January 31st.
Remember, if you file 250 or more Forms 1095-C, you must electronically file them with the IRS.
- January 15, 2017
Recommended date to have filing uploaded to BoomTax and ready to e-file. This will allow enough time to review and create employee copies.
January 25, 2017
- Final date for print and mail requests. Orders are processed as first come first serve. Orders that are placed after this date may not meet the employee copy deadline.
Don’t get caught off-guard by the filing deadlines. Last minute preparations can cause a huge strain on your staff and large fines for missing deadlines can hurt your bottom line. BoomTax is perfect for helping you get ahead of the game and simplifying the ACA reporting process.
With BoomTax, you won’t need to worry about contacting the IRS, getting a TCC, or learning about manifests, XML, etc. Simply drag and drop your employee data into BoomTax, download your employee copies as a PDF, then click ‘E-File’ to have us electronically file your forms to the IRS. We make ACA reporting easy.