When it comes to the Affordable Care Act (ACA), there is much confusion among employers regarding the tax implications and reporting deadlines. On November 18, 2016, the IRS extended the 2017 due date for providing 2016 health care coverage information forms to individuals. A 30-day extension has pushed the deadline out to March 2, 2017 for insurers, self-insuring employers, other coverage providers, and applicable large employers to provide Forms 1095-B or 1095-C to individuals – only. The date for filing with the IRS remains the same – February 28, 2017 for paper filers and March 31, 2017 for electronic filers. SHRM, Stephen Miller, CEBS, summarizes key points employers should know.
Deadlines for filing Affordable Care Act forms with IRS remain intact.
In a move that caught many i...Read More