IRS extends due dates for ACA reporting

The IRS has announced an extension to the reporting deadlines mandated by the Affordable Care Act for Tax Year 2019.

The IRS has extended the 2020 deadline from January 31 to March 2 for employers and insurers to furnish individual statements on 2019 health coverage and full-time employee status. The additional time was given in response to the substantial number of employers, insurers and other providers who said they needed more time to gather and analyze the information necessary to provide the 2019 Forms 1095-B and 1095-C.

Normally, employers could request a 30-day extension for furnishing the information statements. Because the new deadlines encompass this 30-day extension window (taking into account that 2020 is a leap year and that March 1 falls on a Sunday this year), the IRS will not formally respond to requests for an additional 30-day extension.

Bear in mind that the IRS did not extend the due date for filing the 1094 and 1095 forms with the IRS. Those deadlines remain February 28, 2020 (if filing by paper) or March 31, 2020 (if filing electronically).

Please remember that filers can still take advantage of an automatic 30-day extension of the IRS filing deadline by submitting Form 8809 before the relevant due date.

The IRS also extended the good-faith relief, which applies to missing and inaccurate taxpayer identification numbers and dates of birth, as well as other information required on the return or statement.

Employers that fail to file an information return or furnish a statement by the extended due dates, except as otherwise provided in the notice, are not eligible for relief.

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