Wednesday, December 30, 2015

IRS Grants Extensions for Filing 1094 & 1095 Forms

The Internal Revenue Service (IRS) announced this week they will be granting an extension for employers, insurers, and other providers who are required to file and report the 1094 & 1095 forms.

Notice 2016-4 states insurers have until 3/31/2016 to distribute the 1095-B forms to covered members and employers have until 3/31/2016 to distribute the 1095-C forms to their full-time employees.  The extension provides insurers and employers with an extra 2 months to provide covered members these documents.  The original deadline to distribute these documents was 2/1/2016.

For employers and insurers who are not filing these forms electronically, they now have until 5/31/2016 to submit and report the 1094-B/1094-C & 1095-B/1095-C forms to the IRS.  The original deadline to file these forms to the IRS was 2/29/2016.  For those employers who plan on filing electronically, the deadline has been extended until 6/30/2016.  The original deadline to file these forms electronically was 3/31/2016.

Notice 2016-4 also provides valuable information for those who may not have received their 1095-B or 1095-C forms. For more information regarding Notice 2016-4, please click here.

If you have any questions, please do not hesitate to call our office at 978-777-6554.

Thank you.