IRS Extends Deadline for Filing ACA Required 1095-Cs

Posted by Donna Krizik on December 30, 2015

If you are having trouble producing and filing your 1095-Cs, you aren't alone. There have been some glitches in the process with many programs, and the IRS has taken pity on U.S. businesses by extending the deadline for filing. 

What are 1095-Cs?

Because the 1095-C form captures a year’s worth of monthly breakdowns of payroll and benefits data, it is the most detailed W2 supplement reporting ever required of U.S. businesses. The 1095-C documents the availability of healthcare coverage and measure the quality of the coverage offered to ensure that it is comparable to the national marketplace. 

Details on the Extension

This assistance in extending the 1095-C deadlines for compliance with the new health law came December 28, 2015 from the Treasury Department and is detailed in the IRS in Notice 2016-4. According to the notice, the February 1, 2016 deadline for delivering 1095-C forms to employees was extended by 60 days and the deadlines for filing copies of these forms with the IRS were extended by 90 days.

The New ACA 1095-C Reporting Deadlines are:

March 31, 2016 – date by which employees required to receive these forms must have them
May 31, 2016 – date by which paper copies of 1095-C statements must be mailed to the IRS
June 30, 2016 – date by which electronic submissions of copies of 1095-C forms must be transmitted to the new ACA-specific filing system

Don't Delay - Penalties Still Apply

Even though this extension is being granted, the penalty-assessment periods remain unchanged. This extension merely assists companies that are trying in good faith to produce and file the appropriate ACA documents, but are having some difficulties or have run into snags.

Looking for more help with ACA Reporting Requirements? Let us help you. Contact us at today.  

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