With Tax Year 2017 coming to a close, it’s time to start preparing for ACA Reporting in 2018. In order to avoid last-minute time crunches and possible penalties, you should take note of the following deadlines.
Recipient Deadline for ACA Reporting
The deadline for submitting 2017 Form 1095-Cs to recipients is March 2, 2018.*
*UPDATE: Since the original publishing of this post, the IRS has announced an extension to the original 1095-C recipient copy distribution deadline of January 31. This extension is automatic and does not require any contact to the IRS. For more information, please refer to our blog post regarding the deadline extension.
IRS Deadlines for ACA Reporting
The deadline for paper filing 2017 Form 1094-C with copies of Form 1095-C with the Internal Revenue Service (IRS) is February 28, 2018.
The deadline for electronic filing 2017 Form 1094-C with copies of Form 1095-C with the Internal Revenue Service (IRS) is April 2, 2018.
The IRS requires that any company filing 250 or more Form 1095-Cs must do so electronically. If you have less than 250 forms, they still strongly encourage you to file electronically if possible.
Recommended BoomTax Deadlines
We recommend that you have your filing uploaded to BoomTax by January 15, 2018, in order to have ample time to review your data and generate employee copies.
If you intend to utilize our Print & Mail service, we recommend that you request your order by January 25, 2018, in order to ensure delivery by the recipient deadline.
Extensions for ACA Reporting
You can request an automatic 30-day extension of time to submit your ACA reporting to the IRS by completing Form 8809. You must file this extension request on or before the due date of your ACA filing in order for it to be granted. This form may be submitted to the IRS by paper or electronically.
Further extensions may be available under certain hardship conditions. Please refer to the IRS instructions for Form 8809 for more information.