Good news for everyone scrambling to complete their first Affordable Care Act reporting! The IRS has extended the deadline for distributing and filing 1095-B and 1095-C forms. This will allow everyone extra time to compile the information needed to complete this new process and file in a timely manner.
| OLD DEADLINE | NEW DEADLINE | |
| Deadline to Distribute forms to Employees and Covered Individuals | February 1st, 2016 | March 31st, 2016 |
| Deadline to File With the IRS |
Feb. 29, 2016 (paper)
March 31, 2016 (electronic |
May 31, 2016 (paper)
June 30, 2016 (electronic) |
While the new deadline is great news for those who have been scrambling to get the information necessary to complete the forms, Zobrio urges you to not delay the process. The penalty for filing late or incomplete forms remains unchanged.
Need help with your ACA reporting? Contact our ACA expert, Nora Al-Omari at 314-254-8343 for scheduling time with a consultant.