ACA:  Form 1095-C Deadline for Furnishing Statements Extended to March 2, 2017

On Friday November 18th, the IRS issued Notice 2016-70, which now provides employers an additional 30 days to deliver the Form 1095-C to employees.  The previous date to distribute ACA reporting forms was January 31, 2017.  This extension applies for tax year 2016 only. The distribution date has received an extension, however the filing deadline for ACA reporting forms with the IRS has not changed.  The deadline to file in paper form is still February 28, 2017, and the electronic filing date remains March 31, 2017.

Additionally, the IRS also extended the "good faith transition relief" for 2016.  What this means is that like 2015, the IRS announced that it would not penalize employers for incorrect or incomplete forms if they were able to show that they made good-faith efforts to comply with reporting requirements.  A clarification that was made is that relief also applies to "missing and inaccurate taxpayer identification numbers and birth dates."

Contact us for additional ACA compliance support.