2015 ACA Reporting Deadlines Extended

Disclaimer: MSEC does not advise on tax matters. The information contained herein is general, and you should always consult qualified tax counsel with any questions.

MSEC is republishing this important story, which ran as an Alert last week, for our members who may have missed it due to the holidays.

Recognizing that many employers are struggling to comply with the Affordable Care Act (ACA) reporting requirements (new for the 2015 calendar year), the IRS recently issued Notice 2016-4 extending the due date for Forms 1094 and 1095. Previously, employers were required to furnish employees with the 2015 Form 1095-B and/or Form 1095-C by February 1, 2016. This deadline has been extended to March 31, 2016. In addition, employers were required to file 2015 Forms 1094-B, 1095-B, 1094-C and/or 1095-C with the IRS by February 29, 2016 if not filing electronically or March 31, 2016 if filing electronically. This deadline has been extended to May 31, 2016 if not filing electronically and June 30, 2016 if filing electronically. This is a continuation of the trend of delaying ACA provisions that began with Congress’s two-year delay of the Cadillac tax as reported previously. This news should come as a relief to those company representatives who are working hard to understand how information on these forms should be presented.