2017 ACA Reporting Extension

On December 22, 2017, the IRS published Notice 2018-06 extending for a third time the deadline for furnishing ACA reporting forms to enrollees and employees.

Under this notice, the deadline for furnishing 1095-B (insurer reporting) and 1095-C (employer reporting) statements to individuals will be extended for 30 days from January 31, 2018 to March 2, 2018. There will be no additional extensions beyond that point for these statements.

No request or other documentation is required to take advantage of the extended deadline. The IRS is encouraging reporting entities to furnish 2017 statements to individuals as soon as they are able.

Notice 2018-06 also extends good-faith transition relief from penalties related to 2017 ACA reporting. However, the due date for filing the reporting forms with the IRS is not extended under the notice and remains February 28, 2018 (or April 2, 2018 for electronic filings).

The full IRS publication, which includes additional information on the extension plus background on the ACA reporting requirements, can be found here: Notice 2018-06.

As always, please do not hesitate to reach out with any questions, comments or concerns.

Disclaimer: The information contained in this message is for general informational purposes only and does not constitute legal advice.