The Treasury Department and Internal Revenue Service just released Notice 2016-4. This notice extends the due dates for some Affordable Care Act reporting deadlines to help companies meet the 2015 Information Reporting Requirements.
Employers will now have two more months past the initial deadline of February 1, 2016 to furnish individuals with the 2015 forms for reporting on offers of health coverage and the coverage provided. The new deadline is March 31, 2016. This deadline is for the Form 1095-B, Health Coverage, and the Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.
The deadlines to report this information to the IRS are also extended by three months past the previous Feb. 29 due date for paper filings and the March 31 date for electronic returns. The new deadlines are May 31, 2016 for paper filing and June 30, 2016 for electronic filing. Reporting to the agency is done through Form 1094-B, Transmittal of Health Coverage Information Returns; Form 1095-B, Health Coverage; Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns; and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.
Please let us know if you have any questions or need any additional information.
Legacy News Flash 15-10
Issued 12/29/15