IRS Delays ACA Reporting Again

The IRS has extended the deadline to furnish Forms 1095-C to individuals, but this year will likely be the last of such extensions.

Notice 2020-76 extends the standard deadline of January 31, 2021 to March 2, 2021.  However, the IRS stated that unless it receives comments supporting the continued need for this relief, the 30-day extension will not be available in future years.

Here are the three important deadlines for filing 2020 information:

• March 2, 2021: 30-day extended deadline for furnishing the written statement (Form 1095-C) to full-time employees.
• March 1, 2021: deadline for filing Form 1094-C transmittal (and copies of related Forms 1095-C) with the IRS, if filing on paper.
• March 31, 2021: deadline for filing Form 1094-C transmittal (and copies of related Forms 1095-C) with the IRS, if filing electronically.  Electronic filing is mandatory if the ALE is required to file 250 or more Forms 1095-C for the 2020 calendar year.

If you have questions on the ACA reporting requirement, call ASR Health Benefits at (616) 957-1751 or (800) 968-2449.