Earlier this week, the IRS extended due dates for 2015 Affordable Care Act (“ACA”) information reporting requirements for (a) applicable large employers, and (b) insurance providers (including insurance companies, self-insuring employers, and others). Extensions apply to the obligations for filing (with the IRS) and furnishing (to employees) relevant forms.
IRS Notice 2016-4 extends the due date for furnishing 2015 Forms 1095-B and 2015 Forms 1095-C from February 1, 2016, to March 31, 2016. It also extends the due date for filing with the IRS 2015 Forms 1094-B and 2015 Forms 1094-C from February 29, 2016, to May 31, 2016, if not filing electronically, and from March 31, 2016, to June 30, 2016, if filing electronically.
Click here to view the table.
Last December we published a more in-depth article on ACA reporting requirements available here.
The extensions announced this week apply automatically and do not require the submission of any request or other documentation to the IRS. Note that the ACA final regulations published in 2014 authorized certain extensions of time for these forms which required submitting a request to the IRS. Now, with the new deadlines announced this week, the previous types of extensions will no longer apply. Extensions requested under the old deadlines will not be granted by the IRS because the new deadlines are more generous than the old deadlines even after an extension was granted.