Monday, January 11, 2016

2016 ACA Filing Deadlines Extended

By means of Notice 2016-4, issued December 28, 2015, the Internal Revenue Service extended the Affordable Care Act Information Return deadlines.  The extensions will provide much-needed relief to employers and insurers that are struggling with the required forms.  The following chart shows the new deadlines:

Action                                                             Old Deadline                   New Deadline
Provision to individuals of 2015 Form           February 1, 2016             March 31, 2016
1095-B, Health Coverage, and 2015
Form 1095-C, Employer-Provided
Health Insurance Offer and Coverage

Manual filing of 2015 Form 1094-B,             February 29, 2016            May 31, 2016
Transmittal of Health Coverage
Information Returns, 2015 Form
1095-B, 2015 Form 1094-C, Transmittal
Of Employer-Provided Health Insurance
Offer and Coverage Information Returns,
and Form 1095-C

Electronic Filing of Forms 1094-B,                March 31, 2016                June 30, 2016

1095-B, 1094-C, and 1095-C

While the above deadlines have been extended, the Notice provides that no further extensions of time will be provided.  Thus, the automatic and permissive extensions provided under prior guidance will not be allowed to extend the new deadlines.