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IRS extends deadline to furnish 1095-B, 1095-C

February 1, 2018

On December 22, the Internal Revenue Service (IRS) issued Notice 2018-06 extending the deadline for 30 days for insurers, self-insuring employers and certain other providers of minimum essential coverage (MEC) to furnish Forms 1095-B and 1095-C for the 2017 tax year as required under the Affordable Care Act (ACA). These forms are provided to covered individuals in early 2018. UnitedHealthcare distributed form 1095-B by the original deadline of Jan. 31, 2018.

1095-B and 1095-C forms for 2017 must be furnished to individuals by March 2, 2018 instead of January 31, 2018.

  • This extension is automatic, so entities wishing to take advantage of it do not need to apply for it.
  • The IRS encourages entities to furnish these forms as soon as they are able to do so before the extended deadline.

The IRS is NOT extending the deadlines for insurers, self-insuring employers and certain other entities to file these forms with the IRS. Accordingly, entities should continue to file these forms with the IRS by:

  • February 28, 2018 for paper filings, or
  • April 2, 2018 for electronic filings.

The Notice also extends the good-faith transition relief from penalties.

  • Entities must be able to show that they have made good-faith efforts to comply with the reporting requirements under sections 6055 and 6056 for 2017 for incorrect or incomplete information reported on the return or statement.  This applies to forms furnished to individuals and those that are filed with the IRS by the employer or insurer.
  • This relief applies to missing and inaccurate taxpayer identification numbers and dates of birth, as well as other information required on the return or statement.

No relief is provided in the case of reporting entities that do not make a good-faith effort to comply with the regulations or that fail to file an information return or furnish a statement by the due dates as extended under the rules described above.

Taxpayers do not need to wait to receive Forms 1095-B and 1095-C before filing their returns. Taxpayers may rely on other information received from their employer or other coverage provider for purposes of filing their returns including determining eligibility for the premium tax credit and confirming that they had MEC.

The IRS indicates that it does not anticipate providing similar filing extensions or relief next year, so entities should plan accordingly.