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Below is a notice from the National Association of Health Underwriters about today’s IRS announcement that it would extend the deadline for providing forms 1095-B and 1095-C to their employees.

Today, the IRS released Notice 2016-70, which extends the due dates for certain information reporting requirements for 2016 imposed by the ACA under section 6055 and 6056 of the Internal Revenue Code. Specifically, this notice extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2017, to March 2, 2017. This notice also provides for transitional good-faith relief from the penalties imposed by sections 6721 and 6722 of the Internal Revenue Code relating to the 2016 information reporting requirements under sections 6055 and 6056.

With the announcement of this extension and transitional good-faith relief by the Obama administration, it is important to remember that the ACA is still in place and that no action has been taken at this time to repeal pieces of the ACA.

At JME, we urge you to continue complying with the ACA until such time that any section of the ACA is officially repealed.

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