The IRS recently announced an extension of due dates for information reporting requirements both for filing with the IRS and for providing forms to individuals under the Affordable Care Act (ACA) for health insurance carriers, self-insured employers and payroll service providers. For these filers, the due date extension provides additional time to compile the required information, as well as to furnish and file the ACA reporting forms for the 2015 calendar year. 
The deadline for filing 2015 Form 1095-C (offer of health coverage) and Form 1095-B (report of health coverage) has been extended from February 1, 2016 to March 31, 2016. In addition, the deadline for submitting electronic 2015 Forms 1094-C and 1094-B (employer transmittal forms) has been extended from March 31, 2016 to June 30, 2016. If not filed electronically, the deadline has been extended from February 29, 2016 to May 31, 2016.
Related read: New Tax Penalty on Small Business Health Insurance
Although the filing deadlines have been extended, completed forms can be filed at soon as they are available. The IRS is encouraging employers and coverage providers to “furnish statements and file the information returns as soon as they are ready.”
To read the full IRS announcement, visit: https://www.irs.gov/pub/irs-drop/n-16-04.pdf
If you have questions as to how we can help you with the potential abatement of penalties, or any other tax issues that may affect you or your business, contact me at gadler@zinnerco.com or 216-831-0733 for a no obligation consultation. Our team of professionals and I are ready to help.
