1095 form filing deadline extended.

In a surprise announcement yesterday the IRS released the attached notice delaying a deadline for ACA reporting by almost two months.  The deadline for forms 1095-B and 1095C is as follows:

  • Form 1095-C – from employer to employees – original deadline was 2/1/16, was extended to 3/31/16
  • Form 1094-C and 1095-C IRS filing by the employer (paper) original deadline was 2/29/16, was extended to 5/31/16
  • Form 1094-C and 1095-C IRS filing by employer (electronically) original deadline was 3/31/16, was extended to 6/30/16

Employers may still file the returns by the original dates if they are ready.

Please note the delay is specific to forms relating to the 2015 calendar year that will  be filed in 2016 (and presumably the previous deadline will go back into effect starting in 2017).  The original deadline for furnishing the Form 1095-B/C coincided with the deadline for furnishing the W2 to employees and was intended to aid taxpayers in filing their tax returns.  The IRS has acknowledged that the extension could cause issues for some individuals who will not receive their 1095-C forms prior to submitting their tax returns.  The guidance issued states those individuals will not need to amend their tax returns and can rely on the information available to them at the time of filing.