Until Congress changes the law and given the substantial penalties for failure to distribute and file tax forms by the applicable deadlines, employers should continue with preparations for 2016 Form 1095-Cs.Ī note about the 2016 Form W-2 filing deadline: Form W-2s will not be distributed and filed on the same schedule as Form 1095-Cs.
We are monitoring the development of proposals to repeal and replace portions of the Affordable Care Act. The IRS is supposed to use this information to administer the employer pay or play penalties, the federal subsidies for the purchase of individual health insurance through a public exchange, and the individual mandate to maintain health coverage. This means that the IRS will not impose penalties as a result of incorrect information in Form 1095-Cs (such as incorrect Social Security numbers or dates of birth), provided you made a good faith effort to comply and the Forms were distributed and filed by the applicable deadlines.įorm 1095-C reports an employee’s eligibility for, and enrollment in, group health coverage. The IRS also extended a good faith compliance standard to the 2016 Form 1095-Cs. * Paper filing is only permitted if an entity is filing fewer than 250 Form 1095-Cs. However, you can get an automatic 30-day extension of the filing deadline by filing Form 8809, Application for Extension of Time To File Information Returns, before the original filing deadline. The IRS did not extend the deadline to file 2016 Forms 1094-C and 1095-C with the IRS. On November 18, 2016, the IRS announced a 30-day extension of the deadline to distribute 2016 Form 1095-Cs to employees. Tax and Economic Development Incentives.Securities, Shareholder Disputes and Corporate Governance.Mass / Toxic Tort and Product Liability Litigation.Land Use, Zoning, Real Property and Eminent Domain.Workplace Safety and Workers' Compensation.Employee Benefits and Executive Compensation.
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