ACA Update – Reporting Deadline Relief

Good news arrived from the IRS just in time for the New Year. On December 28th, the IRS released Notice 2016-4 providing additional time for employers to comply with upcoming ACA reporting requirements.

  • The deadline to provide Form 1095 to employees has been pushed to March 31, 2016. The extension provides roughly nine additional weeks for employers to prepare and distribute the forms to full time employees who received an offer of coverage in 2015.
  • Deadlines for filing with the IRS have also been extended. If filing paper copies of Form 1094 (Transmittal of Health Coverage Information Returns) along with fewer than 250 copies of Form 1095, the deadline has been shifted from February 29, 2016 to May 31, 2016. If filing electronically with the IRS through the AIR system, employers now have until June 30, 2016 to transmit their forms.

The IRS indicated “automatic and permissive extensions of time for filing information returns…will not apply to extended due dates.” The service also encouraged employers to “furnish statements and file the informational returns as soon as they are ready.”

Read the full notice.