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IRS Extends ACA Filing Deadlines for Employer Mandate

Jan 6, 2016


The New Year brought good news for those employers required to file tax returns reflecting healthcare coverage for the first time. The IRS and the Department of Treasury have extended deadlines for the employer mandate (also known as “pay or play”) for both employee notifications and filing with the IRS.

In response to requests for extensions, the government agencies recognized that the task to gather all of the necessary employee information into one centralized location and use it for reporting placed an immense administrative burden on employers.  As such, the updated deadlines are as follows:

  • Forms 1095B and 1095-C must be furnished to employees by March 31, 2016 (original date was February 1, 2016)
  • Forms 1094-B, 1094-C, 1095-B, and 1095-C must be filed by May 31, 2016 if filing by paper (original date was February 29, 2016)
  • Forms 1094-B, 1094-C, 1095-B, and 1095-C must be filed by June 30, 2016 if filing electronically (original date was March 31, 2016)

So long as applicable employers file by the new deadlines (the IRS recommends filing as soon as returns are ready), no penalties will apply. And for those employers who miss even the new deadlines, it is still recommended to file as soon as possible to ensure good faith attempts are taken into account before penalties are applied.

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The Nonstop Guide to ACA Penalties for the 2015 Tax Year

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The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. This communication does not constitute a legal opinion and should not be relied upon for any purpose other than its intended educational purpose.

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