IRS Extends ACA Reporting Deadline and Transitional Relief in 2020

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IRS Extends ACA Reporting Deadline and Transitional Relief in 2020

On Thursday, the IRS issued Notice 2018-94, which will extend the information-reporting due dates under section 6055 and 6056 from January 31, 2019, to March 4, 2019. The announcement comes after continued advocacy from NAHU requesting a delayed due date for reporting. The extension grants additional time for insurers, self-insuring employers, applicable large employers and other providers of minimum essential coverage for furnishing to individuals the 2018 Form 1095-B, and the 2017 Form 1095-C. The notice does not extend the due date for filing the 1094 and 1095 forms with the IRS, which remain February 28, 2018 (if filing by paper) or April 1, 2019 (if filing electronically). The notice also extends good-faith relief established in Notice 2016-70, for errors such as missing and inaccurate taxpayer identification numbers and dates of birth, from section 6721 and 6722 penalties to the 2018 information reporting requirements. The notice is scheduled to be published in IRB 2018-51 on December 17, 2018.