IRS Provides Transition Relief for 2019 ACA Reporting

On Dec. 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 to:

• Extend the due date for furnishing forms under Sections 6055 and 6056 for 2019 from Jan. 31, 2020, to March 2, 2020;
• Extend good-faith transition relief from penalties related to 2019 information reporting under Sections 6055 and 6056; and
• Provide additional penalty relief related to furnishing 2019 forms to individuals under Section 6055. Under this relief, employers will only have to provide Form 1095-B to covered individuals upon request.

The due date for filing forms with the IRS for 2019 remains Feb. 28, 2020 (March 31, 2020, if filing electronically).

Action Steps 

The IRS is encouraging reporting entities to furnish statements as soon as they are able. No request or other documentation is required to take advantage of the extended deadline.

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