On December 28, 2015, the IRS extended the due dates for 2015 information returns (to be filed in 2016) under the Affordable Care Act (ACA).1 The due date for furnishing Forms 1095-B and 1095-C to employees and other service providers is extended from February 1 to March 31, 2016. The due date for filing Forms 1094-B and 1094-C with the IRS is extended from February 29 to May 31, 2016. And for those who are electronically filing, the due date jumps from March 31 to June 30, 2016.
For employers and other coverage providers who have already filed extension requests, the IRS has announced that the requests will not be formally granted. Instead, the extended due dates will apply.
For persons who furnish statements and file information returns after the extended due dates, late filing penalties could apply. However, the IRS has announced that it will abate the penalties if the filer has made reasonable efforts to prepare for the new filing requirements. Notwithstanding the extensions, the IRS requests that employers and other coverage providers furnish statements and file information returns as soon as they are ready.
1 IRS Notice 2016-4
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