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Extended Deadline for Form 1095

The IRS provided a 30 day extension for 2016 Form 1095 deadline allowing employers until March 2nd to provide forms to employees.

On November 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to:

  • Extend the due date for furnishing forms under Sections 6055 and 6056 for 2016 for 30 days, from January 31, 2017, to March 2, 2017; and
  • Extend good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056.

Notice 2016-70 does not extend the due date for filing forms with the IRS for 2016. The due date for filing with the IRS under Sections 6055 and 6056 remains February 28, 2017 (March 31, 2017, if filing electronically).

Section 6055 and 6056 Reporting

Sections 6055 and 6056 were added to the Internal Revenue Code (Code) by the Affordable Care Act (ACA).

  • Section 6055 applies to providers of minimum essential coverage (MEC), such as health insurance issuers and employers with self-insured health plans. These entities will generally use Forms 1094-B and 1095-B to report information about the coverage they provided during the previous year.
  • Section 6056 applies to applicable large employers (ALEs) – generally, those employers with 50 or more full-time employees, including full-time equivalents, in the previous year. ALEs will use Forms 1094-C and 1095-C to report information.

Please read our full Legislative Brief for more information.