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The IRS recently issued Notice 2019-63 which makes some changes to 2019 ACA reporting.
- The due date for distributing forms under Sections 6055 and 6056 has been extended from January 31, 2020 to March 2, 2020.
- Good-faith transition relief has been extended to those employers who have provided incorrect or incomplete information but have made good-faith efforts to comply with Sections 6055 and 6056 reporting requirements.
- Additional penalty relief has also been given to those distributing 2019 forms to individuals under Section 6055. Employers will only need to provide Form 1095-B to covered individuals upon request.
The due date for filing forms with the IRS for 2019 is still February 28, 2020 (filing paper) or March 31, 2020 (filing electronically).
Download the bulletin for more details.
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