Due Date for Furnishing ACA Statements Extended

Nov. 22, 2016 – Last Friday, the Internal Revenue Service (IRS) issued Notice 2016-70, which extends:

• the due date for furnishing to individuals under Sections 6055 and 6056 from Jan. 31, 2017 to March 2, 2017
• good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056

Due Date for Filing Forms with IRS Remains

Notice 2016-70, however, does not extend the due date to file Forms 1094-B,1095-B,1094-C, or 1095-C with the IRS for 2016. The due date for filing with the IRS under Sections 6055 and 6056 remains Feb. 28, 2017 (March 31, 2017, if filing electronically).

Despite the delay, employers and other coverage providers are encouraged to furnish 2016 statements to individuals as soon as they are able.

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