On
Dec. 22, 2017, the Internal Revenue Service (IRS) announced extended deadlines
for 2017 Minimum Essential Coverage (Section 6055) and (Applicable) Large Employer (ALE) Shared
Responsibility (Section 6056) reporting due to individuals in early 2018. The
extended deadlines are as follows:
|
2017 Forms Sent to Individuals
|
Original Deadline
|
Extended Deadline
|
|
Form 1095-B
Form 1095-C |
1/31/2018
|
3/2/2018
|
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. They should keep their forms, once received, 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.
The
IRS also extended its transition relief with respect to penalties if good faith
efforts are made to comply with information reporting requirements.
From Cigna Healthplan January 4, 2018
