December 29, 2015

Deadline for 2015 Affordable Care Act Reporting by Employers Extended by Several Weeks

The Internal Revenue Service (IRS) has just published Notice 2016-4, which extends the filing deadline for certain forms required to be sent to individuals or filed with the IRS by employers and health plans under the Affordable Care Act.

The extensions are as follows:

  • The due date for furnishing to individuals the 2015 Form 1095-B, Health Coverage, and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is extended from February 1, 2016, to March 31, 2016
  • The due date for filing with the IRS the 2015 Form 1094-B, Form 1095-B, Form 1094-C, and 2015 Form 1095-C is extended from February 29, 2016, to May 31, 2016, if not filing electronically, and from March 31, 2016, to June 30, 2016 if filing electronically. (Forms must be filed electronically in most cases.)

If an employer or health plan had already formally requested an extension of the filing deadline, the IRS will not act on that request because it is extending the deadline for all filers.

Notice 2016-4 also provides guidance to individuals who might not receive a Form 1095-B or Form 1095-C by the time they file their 2015 tax returns. For 2015 only, individuals who rely upon other information received from employers or health plans need not amend their tax returns once they receive their forms.

For information on Affordable Care Act reporting by employers, see Sibson Consulting’s October 1, 2015 Update.

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