IRS Grants Relief as Employers Prep for ACA Reporting in 2020
Full article: 1095b ACA Reporting Article: Click Here !
Deadline extended to March 2 for distributing 1095 forms; additional small-employer relief
| By Stephen Miller, CEBS December 3, 2019 |
O
n Dec. 2, the IRS announced it would extend the deadline to March 2 from Jan. 31 for employers to provide employees with a copy of their 1095-C or 1095-B reporting form, and again extended "good faith effort" transition relief to employers for Affordable Care Act (ACA) reporting for plan year 2019.
The IRS granted additional relief to small employers with regard to furnishing employees with Forms 1095-B, letting them post a notice on their websites that Forms 1095-B are available on request, and will allow large self-insured employers similar relief with regard to furnishing Forms 1095-C to part-time employees.
Although the IRS has extended the Jan. 31 deadline to furnish ACA reporting forms to employees by 30 days, employers may still decide to distribute 1095 forms to employees in January along with employees' W-2 earnings statements.
"The IRS will not grant an additional 30-day extension beyond this deadline," and if an employer submits a request for a 30-day extension to furnish these forms, "the IRS will not respond to that request since it is now moot," according to compliance firm Hub International. Reporting entities may, however, request individual extensions to file these forms with the IRS.
Even with the automatic extension for distributing forms, "the IRS specifically encouraged employers and other coverage providers to send the forms to employees and individuals as soon as possible."
"The release of these documents is another clear message from the IRS that it's continuing to enforce the reporting requirements," said benefits attorney Arthur Tacchino, chief innovation officer at compliance software and services firm SyncStream Solutions.
The final forms and instructions are available on the IRS website:
n Dec. 2, the IRS announced it would extend the deadline to March 2 from Jan. 31 for employers to provide employees with a copy of their 1095-C or 1095-B reporting form, and again extended "good faith effort" transition relief to employers for Affordable Care Act (ACA) reporting for plan year 2019.
The IRS granted additional relief to small employers with regard to furnishing employees with Forms 1095-B, letting them post a notice on their websites that Forms 1095-B are available on request, and will allow large self-insured employers similar relief with regard to furnishing Forms 1095-C to part-time employees.
Filing Deadlines
The critical 2020 filing deadlines for 2019 coverage are as follows:| ACA Requirement | Deadline |
| 1095 forms delivered to employees | Jan 31 (extended to March 2)* |
| Paper filing with IRS | Feb 28 |
| Electronic filing with IRS | Mar 31 |
*As in the past, the IRS has extended the Jan. 31 deadline by 30 days, doing so in
Notice 2019-63.
Source: IRS.
Source: IRS.
Although the IRS has extended the Jan. 31 deadline to furnish ACA reporting forms to employees by 30 days, employers may still decide to distribute 1095 forms to employees in January along with employees' W-2 earnings statements.
"The IRS will not grant an additional 30-day extension beyond this deadline," and if an employer submits a request for a 30-day extension to furnish these forms, "the IRS will not respond to that request since it is now moot," according to compliance firm Hub International. Reporting entities may, however, request individual extensions to file these forms with the IRS.
Even with the automatic extension for distributing forms, "the IRS specifically encouraged employers and other coverage providers to send the forms to employees and individuals as soon as possible."
Forms and Instructions
The
IRS also has issued final forms and instructions for employers to
report on the health coverage they offered employees in 2019. Employers
subject to the ACA must ensure that 1095 reporting forms are distributed
to employees, except as noted below, and transmit copies of these forms
to the IRS early in 2020."The release of these documents is another clear message from the IRS that it's continuing to enforce the reporting requirements," said benefits attorney Arthur Tacchino, chief innovation officer at compliance software and services firm SyncStream Solutions.
The final forms and instructions are available on the IRS website:
- Form 1095-B, Health Coverage.
- Transmittal Form 1094-B to accompany Form 1095-B.
- Instructions for Forms 1094-B and 1095-B.
- Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.
- Transmittal Form 1094-C to accompany Form 1095-C.
- Instructions for Forms 1094-C and 1095-C.
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