The Department of the Treasury and the IRS announced that employers and insurers will now have until 2015 before employers are required to offer health care coverage to employees or face penalties under the Affordable Care Act (ACA) or employers and insurers are required to report information with respect thereto. This transition relief will provide more time for input from employers and insurers to simplify information reporting and to adapt their health coverage and reporting systems to comply with the ACA. IRS guidance has encouraged employers and insurers to voluntarily comply with the information reporting provisions for 2014 once such reporting rules are issued but has explained that there are no penalties for not doing so.