ACA’s Employer Reporting Requirements Extended

If there is one thing that is synonymous with the Affordable Care Act (ACA), it is change. On Dec. 28, the IRS announced in Notice 2016-4 that the due dates for the employer reporting requirements for businesses will once again be extended.

For organizations not ready to file and furnish their 2015 reporting Forms 1094/1095-B and -C, these extended due dates represent a late holiday surprise.

The Notice extended:

  • the date Forms 1095-B and –C need to be delivered to employees, extending the original due date from Feb. 1 to March 31, 2016, and
  • the date Forms 1094-B and –C need to be filed with the IRS, extending the original due date from Feb. 29 to May 31, 2016. Electronic transmittals to the government can now be delivered as late as June 30, 2016.

In citing their reasons for the extension, the IRS and Department of Treasury found that, “some employers, insurers and other providers of minimum essential coverage need additional time to adapt and implement systems and procedures to gather, analyze and report this information.”

Despite the extension, the IRS announced it is prepared to receive the required forms on the original reporting dates and is encouraging employers and other providers to furnish and file the information returns as soon as they are ready.

What do your employees need to know?

The Notice also grants relief to certain individuals and employees who receive their Forms 1095-B and -C after they have filed their individual tax returns.

For 2015, individuals will no longer need to amend their tax returns after receiving their Forms 1095-B and -C for the purposes of determining eligibility for the premium tax credit issued to qualifying entities.

The content of this blog is intended to keep interested parties informed of legal and industry developments for educational purposes only.  It is not intended as legal opinion or tax advice and should not be regarded as a substitute for legal or tax advice.

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Adding value to people and organizations is my mission in life. I am passionate about the role I play in Public Relations and Marketing and am proud of the value I have brought during my tenures at Paycom and the University of Oklahoma. As the PR Manager, I have helped bring attention to one of the top workplaces in the country, while also helping Paycom secure numerous accolades including: • The Inc. 500|5000 • Inc. Hire Power (recognizing companies that are leading the way in creating American jobs) • HR.com's Leadership Excellence Award (2014 and 2015) • Glassdoor’s Employee’s Choice Award as one of the five Best Medium-Sized Companies in the U.S. to Work for in 2014 and top 20 in 2015 • The Oklahoman’s 2013 and 2014 Top Workplaces & • The Build 100

jason bodin

Adding value to people and organizations is my mission in life. I am passionate about the role I play in Public Relations and Marketing and am proud of the value I have brought during my tenures at Paycom and the University of Oklahoma.

As the PR Manager, I have helped bring attention to one of the top workplaces in the country, while also helping Paycom secure numerous accolades including:
• The Inc. 500|5000
• Inc. Hire Power (recognizing companies that are leading the way in creating American jobs)
• HR.com’s Leadership Excellence Award (2014 and 2015)
• Glassdoor’s Employee’s Choice Award as one of the five Best Medium-Sized Companies in the U.S. to Work for in 2014 and top 20 in 2015
• The Oklahoman’s 2013 and 2014 Top Workplaces &
• The Build 100

jason-bodin has 2 posts and counting.See all posts by jason-bodin

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