On December 22, 2017, the IRS issued a notice that primarily impacts applicable large employers. Specifically, the notice:
- Extends the due date for furnishing Form 1095-C for 2017 to individuals from Jan. 31, 2018 to March 2, 2018
- Extends good-faith transition relief from penalties related to 2017 information reporting under Section 6056
The notice does not extend the due date for filing forms with the IRS for 2017. The due date for filing with the IRS remains Feb. 28, 2018 if filing paper forms, or April 2, 2018 if filing electronically.
The IRS also extended transition relief from penalties for providing incorrect or incomplete information to employers that can show that they have made good-faith efforts to comply with the reporting requirements for 2017. Relief is not provided for employers that fail to file or furnish a statement by the due dates.
If you have any questions about what your organization needs to do regarding ACA reporting for 2017, please contact our team at 781-759-1222.