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Transition Relief for 2019 ACA Reporting

Transition Relief for 2019 ACA Reporting

The Department of the Treasury and the Internal Revenue Service have determined that a substantial number of employers, insurers, and other providers of minimum essential coverage need additional time beyond the January 31, 2020, due date to gather and analyze information and prepare the 2019 Forms 1095-B and 1095-C to be furnished to individuals.

Accordingly, the due date for furnishing Forms 1095-B and 1095-C is extended from January 31, 2020, to March 2, 2020. In view of this automatic extension to March 2, 2020, the provisions under IRS section 6055 and 6056 allowing the IRS to grant an extension of time of up to 30 days to furnish Forms 1095-B and 1095-C will not apply to the extended due date. Click the link above and read more about how this affects your company.