This time each year Compliance Warriors look closely to see what last minute laws are signed or changed for the upcoming year. Today, I have some good news as we enter the employment law 2016 season. On Monday, December 28, 2015, the Internal Revenue Service issued Notice 2016-4 announcing that employers will have a little extra time to file the required annual reports under the Patient Protection and Affordable Care Act (“ACA”).
The ACA requirement that certain employers report minimum essential coverage annually on Forms 1094 and 1095 by February 1st was changed in your favor. Originally, the filing was due to employees on February 1, 2016 and employers had until March 31, 2016 to file the forms electronically with the IRS (February 29, 2016 for non-electronic filers).
Here are the new extended deadlines:
- New Deadline for Forms 1095-B and 1095-C to Individuals: March 31, 2016.
- New Deadline for Forms 1094 and 1095 to the IRS: June 30, 2016 for electronic filers and May 31, 2016 for non-electronic filers.
Until Next Time, Be Audit-Secure!
About LISA SMITH
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