United States

IRS accommodates some delays in Affordable Care Act information reporting


Since 2015 is the first year businesses have had to file Affordable Care Act (ACA) information returns, the IRS is working with you to accommodate delays caused by new processes and systems. It has also indicated that it will work with businesses that have made a good faith effort to comply, but that may come up short.

In late December, 2015, the IRS extended filing deadlines for employers required to file Forms 1095-B or 1095-C for 2015. The following extended deadlines automatically apply to all employers:

  • March 31, 2016 – for businesses to provide forms to employees (extended from February 1)
  • May 31, 2016 – for businesses to file paper returns with the IRS (extended from February 29)
  • June 30, 2016 – for businesses to file electronic returns with the IRS (extended from March 31)

Most recently, the IRS issued an alert announcing it will continue to accept returns after the June 30, 2016 deadline. It is important to note that the deadline itself was not extended and penalties may still be assessed. However, the IRS indicated it will make allowances for companies that file late, but made a good faith effort to complete their returns in a timely manner. Since employers face penalties of up to $500 per return for failing to timely file the returns and furnish statements to employees, you will want to complete and file the returns as soon as possible.

If you are unsure whether the ACA reporting requirements apply to your business, please review our recent article, New information reporting requirements under the Affordable Care Act.

Jill Harris

Senior Director

Jill helps businesses with planning and compliance for employee welfare and retirement plans. She can be reached at jill.harris@rsmus.com.

Areas of focus: Washington National TaxAffordable Care Act