The IRS recently announced that it has extended the deadlines for furnishing Form 1095-C and IRS Form 1094-C to both employees and the IRS. Under the notice, for this year only, the deadlines have been extended as follows:
IRS Form 1095-C: The deadline for furnishing this form to employees has been extended from February 1, 2016 to March 31, 2016. The deadline for furnishing the IRS with its copy of Form 1095-C has been extended from February 29, 2016 to May 31, 2016 (or June 30, 2016 if filing electronically).
IRS Form 1094-C: The deadline for furnishing this form to the IRS has been extended from February 29, 2016 to May 31, 2016 (or June 30, 2016 if filing electronically).
For employers offering self-insured health plans, the deadline for furnishing Form 1094-B to individuals has been extended to March 31, 2016 and the deadline for filing Form 1094-B and Form 1095-B with the IRS has been extended from February 29, 2016 to May 31, 2016 (or June 30, 2016 if filing electronically).
Despite these extensions, the IRS has already began accepting these forms and is encouraging employers to furnish these forms to employees and the IRS as soon as they are ready.
If you have questions on this development may impact your school or municipality, please contact Chris Stevenson.
