Monday, December 28, 2015

IRS Delays 6055 & 6056 Reporting Deadlines

On Monday the IRS released notice 2016-4 announcing that it is giving employers additional time to file forms associated with sections 6055 and 6056 of the Affordable Care Act.
 
The deadline for employers to electronically file the forms for 2015 which provide coverage information to the IRS was extended to June 30 from March 31, while non-electronic form reporting was delayed to May 31, 2016 from Feb. 29.
 
In addition, the deadline for furnishing employees with 1095-C coverage forms for 2015 was extended to March 31 from Feb. 1.
 
The IRS said in the notice that employers needed “additional time to adapt and implement systems to gather, analyze and report this information.”
 
This delay will be welcomed by employers and their filing partners across the country.
 
To read the notice in its entirety click here.

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