The IRS has just published Notice 2018-06 regarding an ACA deadline extension for employers and providers to issue Form 1095-C to eligible employees for Tax Year 2017. This extension is automatic and will not require any submitted request.
The deadline to distribute employee copies of Form 1095-C has been extended from January 31, 2018 to March 2, 2018.
The deadlines to submit your ACA filing to the IRS will remain the same. Paper filers must submit their filing by February 28, 2018. Electronic filers must submit their filing by April 2, 2018.
This extension will provide employers and providers with extra time to finalize their ACA data before distributing employee copies of Form 1095-C.
ACA Deadline Extension & Individual Income Tax Returns
However, this extension means that individuals may not receive their Forms 1095-C by the time they prepare their individual 2017 income tax return. Employers should inform their employees that Form 1095-C is not required to complete their individual income tax return and that their returns can be prepared using other health coverage information. They do not need to wait to receive their Forms 1095-C to file their individual returns.
For more information regarding this ACA deadline extension or the ACA draft instructions, please refer to the IRS Notice 2018-06 or visit the official IRS ACA webpage. Or check out our other ACA blog posts to learn more:
- Self Insured Plans
- ACA Compliance Requirements
- What is a Full-Time Employee?
- Common Law Employees
- Secure Access – New IRS Login Portal for e-Services
- Penalties for ACA and 1099 Reporting
- ACA Reporting Deadlines
- Prepare for ACA Reporting
- What is Employer Shared Responsibility?
With this ACA deadline extension, BoomTax now advises that, if you plan to use our Print & Mail services, you have your data uploaded to our server by February 15 in order to have sufficient time to review and verify your forms before distributing to employees. Print & Mail orders are advised to be finalized by February 23 to ensure timely delivery to recipients.
BoomTax can assist you in filing your XML or excel ACA data file. Get Started Today!
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.