December 28, 2015 – IRS Notice 2016-4 –Extension of the Due Dates for 2015 Information Reporting Under Sections 6055 and 6056
The IRS issued Notice 2016-4 today extending the deadlines for Information reporting under Sections 6055 and 6056 of the Internal Revenue Code (the “Code”). Sections 6055 and 6056 were added to the Code by the Affordable Care Act and generally apply to providers of minimum essential coverage (MEC) and applicable large employers respectively. The Section 6055 requirements are satisfied by using Forms 1094-B and 1095-B. The Section 6056 requirements are satisfied by using Forms 1094-C and 1095-C.
Providing Statements to Individuals. The deadline for providing Forms 1095-B and 1095-C to individuals has been extended from February 1, 2016 to March 31, 2016.
Filing Returns with the IRS. The filing deadline for non-electronic filings (i.e. paper filing) of Forms 1094-B/1095-B and 1094-C/1095-C has been extended from February 29, 2016 to May 31, 2016. The filing deadline for electronic filings of Forms 1094-B/1095-B and 1094-C/1095-C has been extended from March 31, 2016 to June 30, 2016.
Notwithstanding these extensions, the IRS is still prepared to accept filings of these forms beginning in January 2016.
A link to the Notice can be found here: https://www.irs.gov/pub/irs-drop/n-16-4.pdf
Please contact us if you have any questions about the Notice and/or need assistance preparing the filings.