IRS Extends Due Dates for
2015 Affordable Care Act Information Reporting
On December 28, 2015 the IRS announced in Notice 2016-4, the extension of due dates for the 2015 health coverage information reports that certain employers and minimum essential coverage providers are required to provide to individuals and the IRS, under the Affordable Care Act (ACA).
This will provide additional time to gather, analyze and report the required information. Employers are encouraged to provide and file the information returns as soon as the information is ready, despite the extensions. Also, due to the new extended deadlines, no additional automatic or permissive extensions will be granted.
Due to the extended due dates, if an individual taxpayer does not receive the necessary information before they file the 2015 tax return and relies upon other information received from employers and/or coverage providers for purposes of filing the return, the IRS will eliminate the requirement to file an amended return after they receive the Form 1095-B/1095-C. (Individuals who enrolled for coverage through the Marketplace should receive Form 1095-A by Feb. 1, 2016, and should wait to file their returns until they receive Form 1095-A)
The 2015 health coverage information reporting deadline extensions are laid out in the chart below:
|Old Deadline||New Deadline|
|Information reports provided to individuals :
2015 Forms 1095-B /1095-C
|February 1, 2016||March 31, 2016|
|Information reports filed with the IRS :
2015 Forms 1094-B/1095-B/1094-C/1095-C
|February 29, 2016 (if paper)
March 31, 2016 (if electronic)
|May 31, 2016 (if paper)
June 30, 2016 (if electronic)
Read more at https://www.irs.gov/pub/irs-drop/n-16-04.pdf. If you have any questions please contact your HM&M tax advisor.
Introduction to COVID-19 Impacts COVID-19 is a new and evolving crisis, which has been labelled a pandemic by ...
The rapidly-changing regulatory environment and what this means for physician practices COVID-19 has changed the way physicians ...
On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act), a $2 ...
For the protection of our HM&M work family, our clients, and others, we are limiting activity in our ...
HM&M is pleased to announce Randy Garcia was named Shareholder of the firm effective January 1, 2020. Thank ...
HM&M is pleased to announce Anat Borodyansky was named Shareholder of the firm effective January 1, 2020. Thank ...