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ACA Employer Reporting Update

Posted on January 4th, 2018

The Internal Revenue Service (IRS) issued Notice 2018-06 which provides some relief for those entities who are subject to reporting requirements under the Affordable Care Act (ACA). 
 
In summary:
 
  • Forms 1095-B and/or 1095-C now must be furnished to employees and individuals by March 2, 2018, for the 2017 calendar year. This is a 30-day extension from the original deadline of January 31, 2018. No additional extensions will be granted by the IRS, even if requested by an employer. 
     
  • The date to file ACA reporting with the IRS has remained unchanged. If filing manually, the due date is February 28, 2018. If filing electronically, the due date is April 2, 2018. Electronic filings are normally due by March 31st, but this date falls on a Saturday in 2018, so the reporting is due by the first Monday thereafter. It should also be noted that employers who file 250 or more forms must file the reporting electronically. 
     
  • Good faith penalty relief will apply for the 2017 calendar year reporting. That means employers and other entities who work in good faith to complete the reporting will not be subject to penalties if there is any inaccurate or incomplete information on the forms. However, penalties may apply if the deadlines shown above are not met, and penalties may still apply under the Employer Mandate.  
 
 

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