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Deadline Delayed for 2018 ACA Reporting

Delayed 2018 ACA Reporting

The Internal Revenue Service (IRS) issued Notice 2018-94 on November 29, 2019. This notice extends certain due dates for ACA reporting and extends a good-faith transition relief from penalties.

Extending Furnishing Deadline

The IRS determined that employers and insurers needed more time to prepare 2018 Forms 1095-B and 1095-C to be furnished to individuals. The due date has been extended from January 31, 2019, to March 4, 2019.

Despite the deadline extension, employers and other coverage providers are encouraged to furnish their 2018 statements to individuals as soon as they are able. Additional extensions of time (past this initial extension) will not be granted, as this extension is applicable to everyone automatically.

 

Impact on Filing Deadline

However, please note that the due dates for filing with the IRS will remain the same. This applies to Forms 1094-B, 1095-B, or 1094-C, or 1095-C. If you are filing on paper, forms are due February 28, 2019. If you are filing electronically, they are due April 1, 2019. You may still request an extension to complete these forms if needed.

 

Good-Faith Transition Relief

The IRS has also extended transition relief from penalties for providing incorrect or incomplete information related to 2018 reporting under Sections 6055 and 6056. Reporting entities must make a good-faith effort to comply with the reporting requirements for 2018 (both for furnishing to individuals and for filing with the IRS).

Download the bulletin for more details.

 

Important Dates

March 4, 2019: DEADLINE EXTENDED. Deadline for furnishing 2048 Forms 1095-B and 1095-C to individuals

February 28, 2019: Deadline to 2018 filing with the IRS in paper form

April 1, 2019: Deadline to 2018 filing with the IRS electronically

 

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Bill Enright

Bill Enright

Bill Enright, Director of Consulting Services for National Insurance Services, Inc. (NIS), coordinates and works with NIS’ Market Development Teams to enhance our full-service employee benefits capabilities. Bill’s expertise enables the NIS team to deliver customized, innovative employee benefits plans for schools, cities, towns, and counties. Bill is a 27+ year industry veteran with employee benefits expertise from insurance carrier to benefits consultant to Director of Consulting Services for NIS. He believes in bottom-line honesty while empowering NIS Consultants and customers with the knowledge they need to feel confident in their decisions. He has been published on the topic of healthcare reform and has served on advisory committees and insurance reform lobbying groups at the state and national level.