CLIENT ALERT | IRS Extends Filing Deadlines for Forms 1095-B and 1095-C

On December 28, the IRS issued Notice 2016-4, extending the deadline for furnishing 2015 Forms 1095-B and 1095-C to covered employees. Applicable large employers, self-insured plans and health insurers must now furnish these forms by March 31, 2016. The original deadline was January 31. The deadline for filing the Forms 1094-B, 1094-C, 1095-B and 1095-C[1] with the IRS is also extended to May 31 (if filing by mail) or June 30 if filing electronically.
 
Employees will receive their Forms W-2 no later than January 31, so this extension may create problems for employees who file their tax returns before receiving their Forms 1095-B or 1095-C. The Notice states that employees may rely on information received from providers in determining their eligibility for the premium tax credit in filing their returns. Employees will not be required to file amended returns when they receive the Form 1095-B or 1095-C.

 

IPS is currently in the process of drafting a communication piece regarding this delay and other aspects of this mandate you can share with your employees.


[1] These forms are: Form 1094-B, Transmittal of Health Coverage Information Returns, the Form 1095-B, Health Coverage, the Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage, and the Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.

The information provided is for educational purposes only. This information is from sources we believe to be reliable, but we cannot guarantee or represent that it is accurate or complete. The opinions are those of the writer, and the opinions and information presented are subject to change without notice.

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