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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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A Little Breathing Room: IRS Extends ACA Reporting Deadline and Good Faith Penalty Relief
The IRS delivered welcome news to employers gearing up to meet the Affordable Care Act’s (“ACA”) information reporting deadlines for the 2016 calendar year. In Notice 2016-70, the IRS extended the deadline to furnish Forms 1095-B and 1095-C to employees. The new deadlines are provided below.
| Old Distribution Deadline | New Distribution Deadline | |
| Form 1095-B (to employees) | January 31, 2017 | March 2, 2017 |
| Form 1095-C (to employees) | January 31, 2017 | March 2, 2017 |
Importantly, the Notice does not extend the deadline for filing Forms with the IRS. The deadline to file with the IRS remains February 28, 2016 (for paper filings) and March 31, 2017 (for electronic filings). Read More ›
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged ACA, ACA reporting, deadline, filing extension, Form 1095, Form 1095-B, Form 1095-c, good faith, good faith relief, information reporting, IRS, penalties
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