IRS Announces Extensions for Furnishing ACA Forms to Individuals and Extensions of Good-Faith Transition Relief Reporting

January 3, 2018 Adam Rivera

The IRS has announced that they will extend the due date for furnishing the 2017 Form 1095-B and Form 1095-C to individuals from January 31, 2018, to March 2, 2018. Because of this automatic extension, the provisions that traditionally allow the IRS to grant an extension of time up to 30 days to furnish Forms 1095-B and 1095-C will not apply to the extended due date.

 

This extended due date does not apply to forms required to be filed with the IRS, which remains February 28, 2018, if not filing electronically, or April 2, 2018, if filing electronically. However, filers can still request an automatic extension of time for filing information returns by submitting a Form 8809.

 

In addition to extending the due for furnishing 2017 Forms 1095-B and 1095-C, the IRS has also extended good faith transition relief for 2017. This relief only applies to incorrect and incomplete information reported to the IRS in a timely manner and not to those filers who fail to timely furnish or file a statement or return. Specifically, this relief applies to missing and inaccurate taxpayer identification numbers (TINs), as well as other information required on the return or statement.

 

To view the IRS announcement, please click here.

About the Author

Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.

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