ACA Deadline Extended
The Internal Revenue Service (IRS) has extended the due date for distributing the 2017 health coverage information forms to employees until March 2nd, 2018. Employers and insurers are encouraged to provide the forms to individuals as soon as possible, but no later than March 2, 2018. Individuals who file their 2017 federal income tax returns before receiving their 1095-B and 1095-C forms will not be required to amend their income tax returns once they receive their forms; however, their forms, once received, should be kept with their tax records.
It is important to note the IRS has not extended the due date for filing 2017 Forms 1094-B, 1095-B, 1094-C, or 1095-C with the IRS. The deadline remains February 28, 2018, for those with 250 or fewer forms filing by paper, or April 2, 2018, if filing electronically.
For more information on the Affordable Care Act (ACA) information reporting requirements visit: https://www.irs.gov/affordable-care-act/irs-extends-due-dates-for-new-2015-information-reporting-requirements.