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Lisa Smith, SPHR HR News, VIP Compliance Update

ACA Reporting Delayed in 2016

Hey Employers!

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. Breaking News for EmployersOn 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.
While the news is surely a welcomed breather, please don’t put off prepping the 2015 forms. Employers should take this time to get to know these forms and shore up access to the information necessary to complete them.

Until Next Time, Be Audit-Secure!

Lisa Smith

About LISA SMITH

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Lisa Smith is CEO of Andere Seminars, LLC and Chief Content Developer at BeAuditSecure.com.
Follow her on Twitter, connect with her on LinkedIn, listen to her Small Business Spoonfuls Podcast, and find more from her in Audit-Secure Assistant at BeAuditSecure.com.

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