ACA Reporting (1094/1095) – DELAY

The Internal Revenue Service (IRS) issued Notice 2016-4, which delays the Affordable Care Act (ACA) Reporting requirements under Internal Revenue Code §§6055 and 6056, the 1094/1095 Forms. The Notice delays the Forms as follows:

– Form 1095C – from the employer to its employees – from February 1, 2016 to March 31, 2016

– Form 1094C/1095C Employer Filing w/ IRS (Paper) from February 29, 2016 to May 31, 2016

– Form 1094C/1095C Employer Filing w/ IRS (Electronically) from March 31, 2016 to June 30, 2016

The IRS encourages employers to file the Forms 1094C and 1095C by the original dates.  Nevertheless, the delay provides employers with additional time to prepare and file the returns, as many have requested.

Employees can rely on the information provided by the employer and prepare their tax returns without the Form 1095C.  Once the 1095C Form is obtained from the employer, the employee is not required to amend the individual tax return or provide any other information to the IRS.

For a copy of the Notice:
https://www.irs.gov/pub/irs-drop/n-16-4.pdf

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