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ACA Form Deadline Extended

Nov 30, 2018 9:47:39 AM

On November 29, 2018 the Internal Revenue Service (IRS) issued Notice 2018-94 that stated:

The deadline on the due dates for filing and distributing the 2018 Forms 1095-C, Employer-Provided Health Insurance Offer and Coverage, and Form 1095-B, Health Coverage, was extended  from January 31, 2019, to March 4, 2019. Both of these forms are mandatory under the Affordable Care Act (ACA).

Additionally, Notice 2018-94 also extended the transitional good-faith relief from penalties in Sections 6721 and 6722 of the Internal Revenue Code.

The ACA added both tax code sections, Section 6055 and Section 6056, that state insurers and self-insured employees offering minimal essential coverage are required to submit annual reports to the IRS with their information. Larger employers must list any employee who was full-time for any month and whether they were offered health coverage that meets minimum value requirements. 

What is the expected impact of Notice 2018-94? Some individual taxpayers may not receive Form 1095-C or 1095-B when they are ready to file their 2018 tax returns. Despite that, these individuals can rely on other information supplied by their employer, or coverage provider, in order to file their returns.

The IRS is not requiring an official request, or other documentation, to take advantage of the extension. They do encourage that any reporting entity still file their statements as soon as they can.

Notice 2018-94 is set to appear December 17, 2018 on the Internal Revenue Bulletin 2018-51.

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