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IRS extends deadline to provide forms 1095 to employees

IRS, Forms 1095, health care, taxAs it did last year, the IRS has extended one of the due dates for the 2017 information reporting requirements under ACA (Affordable Care Act) for insurers, self-insuring employers and certain other providers.

The IRS extended the due date for furnishing the 2017 Form 1095-B and the 2017 Form 1095-C to individuals to March 2, 2018. The original due date was January 31, 2018.

No application or submission of documentation is required to receive this automatic extension. However, the IRS encourages employers and other coverage providers to furnish the information returns to their employees as soon as they are able.

No automatic extension for furnishing forms to IRS. Notice 2018-06 does not automatically extend the due date for filing the applicable forms with the IRS. The 2017 Forms 1094-B, 1095-B, 1094-C or 1095-C, remain due February 28, 2018, if not filed electronically, or April 2, 2018 for electronic filing.

Due to the above change, individuals may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 2017 tax returns. As was the case last year, taxpayers may rely on other information received from their employer or other coverage providers for purposes of filing their tax returns, including determining eligibility for the premium tax credit under Code Sec. 36B and confirming that they had minimum essential coverage for purposes of Code Sec. 36B and Code Sec. 5000A.

Melinda Nelson, CPA