Transition relief extends the due date for certain ACA forms to recipients for certain tax years.
The IRS has just released Notice 2018-94, which will extend the due date for some Tax Year 2018 information-reporting requirements for ALEs, insurers, self-insured employers, and certain other providers of minimum essential coverage. ACA Employee Copy Deadline As of this notice, the due date to furnish the ACA Employee Copy of Forms 1095-B and Form … Read more
Today, the IRS announced an ACA deadline extension for issuing employee copies for tax tear 2016. ACA Deadline Extension Notice 2016-70 extends the due date for furnishing the 1095-C forms to the employees from January 31, 2017 to March 2, 2017. Although the IRS has issued this automatic 30-day extension, they still encourage employers to … Read more
Our latest 2016 update includes some interface changes to account for the new guidelines for ALE members that offer a non-calendar year health plan.
In short, many ALEs will no longer be able to select 4980h Transition Relief on their 1094-C unless they participated in a non-calendar year plan. To qualify, they needed to have offered coverage where the plan began in 2015 and ended in 2016.
The IRS has released the ACA draft instructions for Form 1094-C and 1095-C to provide employers with a sneak-preview of the upcoming ACA information reporting changes. If you would like to view the full drafts for the 2016 Form 1094-C and 1095-C, you can find them here: ACA draft instructions. Please Note: Do not use this … Read more