IRS Releases 2017 Instructions for Forms 1094-B and 1095-B

October 9, 2017 Gerry Nelligan

The IRS has released the 2017 Instructions for Forms 1094-B and 1095-B. There are a couple of changes from their respective previous revisions:


Changes to 2017 Instructions for Forms 1094-B and 1095-B

  • New Instructions
  • Paper returns filed with the IRS must be printed in landscape format
  • Penalties have increased slightly this year
  • For returns required to be made and statements required to be furnished for 2017 tax year returns, the following apply.
  • The penalty for failure to file a correct information return is $260 for each return for which the failure occurs, with the total penalty for a calendar year not to exceed $3,218,500.
  • The penalty for failure to provide a correct payee statement is $260 for each statement for which the failure occurs, with the total penalty for a calendar year not to exceed $3,218,500.

About the Author

Gerry  Nelligan

Gerry Nelligan is a Regulatory Analysis Supervisor at Sovos, leading a team of counsels covering information reporting, including 10-Series IRS reporting, Affordable Care Act (ACA) reporting and Automatic Exchange of Information (AEOI). Gerry received his J.D. from Suffolk University Law School and his B.A. from Providence College. He is a licensed attorney in the state of Massachusetts.

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