November 30, 2021

Volume XI, Number 334

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November 29, 2021

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Due Dates for Affordable Care Act Reporting Extended

The Internal Revenue Service (IRS) announced it is providing employers additional time to gather information and prepare the reporting forms for this first year for filing information returns under the Affordable Care Act. IRS Notice 2016-4 provides the following extended deadlines for the 2015 calendar year:

 

 Original Deadline

Extended Deadline 

Furnishing Statements to Individuals 

 February 1, 2016

 March 31, 2016

Paper Filing with IRS

 February 29, 2016

 May 31, 2016

Electronic Filing with IRS

 March 31, 2016 

 June 30, 2016

As these new deadlines apply to all filers, the IRS will not be responding to any pending extension requests relating to the Forms 1094-B/1095-B and 1094-C/1095-C.

Nevertheless, employers are encouraged to provide the information and file the returns as soon as they are complete. Failure to comply with the extended due dates may result in the imposition of penalties as prescribed by the code.

Further, the IRS has announced for the 2015 tax year only that individuals who have not received the information statement concerning their health insurance coverage prior to filing their income tax returns may rely upon other information received from the coverage providers about their health insurance coverage. These individuals will not need to amend their tax return filing upon receipt of the appropriate information statement. 

©2021 MICHAEL BEST & FRIEDRICH LLPNational Law Review, Volume V, Number 364
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About this Author

Kirk Pelikan, Michael Best Law Firm, Labor and Employment Attorney
Partner

Kirk’s practice focuses on legal issues related to all aspects of the employment cycle, from hiring through termination and severance. Substantially experienced in both benefits and employment law, Kirk is well positioned to help clients respond to the opportunities, vulnerabilities and benefit ramifications of particular employment decisions.

Kirk’s focus includes:

  • Developing and maintaining effective compliance strategies related to defined benefit plans, defined contribution plans, executive...

414-223-2529
Charles Stevens, Michael Best Law Firm, Labor and Employment Attorney
Partner

A persuasive advocate, Charlie vigorously defends employers and benefit plans in courts and other forums. He excels at assessing and fixing problems that arise with employee benefit programs and providing a strategically driven approach to benefits compliance and risk management planning.

As exclusive employee benefits counsel to many nationwide employers, Charlie’s practice focus extends to:

  • Counseling on Affordable Care Act (ACA) compliance and strategic planning, particularly with respect to contingent...

414-225-8268
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