IRS Extends Filing Dates for Providing Certain ACA-Related Forms

The IRS extended the due dates for furnishing individuals with certain forms related to the Affordable Care Act (ACA).

According to a recent announcement by the agency, it will allow sponsors of coverage who file the 2018 Health Coverage Form 1095-B and companies which file the 2018 Employer-Provided Health Insurance Offer Coverage Form 1095-C an extension from January 31, 2019 to March 4, 2019. No additional extensions for provision of these forms will be permitted.

The recent IRS notice announcing the change did not include extensions for filing forms 1094-B, 1095-B, 1094-C, and 1095-C with the IRS. The deadline for those forms is still February 28, 2019, if they are filed traditionally and April 1, 2019, if they are filed electronically. However, a 30-day extension for filing these forms with the IRS is still available through submission of Form 8809, the standard Application for Extension of Time to File Information Returns form.

The IRS has also provided guidance to individuals who do not receive Form 1095-B or Form 1095-C by the time they file their 2018 tax returns due to these extensions. The agency said via their update, "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 the required minimum essential coverage. Taxpayers do not need to wait to receive Forms 1095-B and 1095-C before filing their returns."

In addition, the notice provides relief from certain penalties to any reporting entity that can show they have made good faith efforts to comply with IRS reporting requirements for 2018 (both for furnishing said forms to individuals and for filing with the IRS) as they relate to incorrect or incomplete information contained on tax returns/forms. This applies to missing and inaccurate taxpayer identification numbers and errors in dates of birth or other identification information required on a tax return/form. No relief is provided in the case of reporting entities that cannot prove they made good faith efforts to comply with the regulations, or which fail to file appropriate and required tax returns/forms or statements by their due dates.

Please contact Michael Walston at mwalston@hbkcpa.com, or your HBK representative with any questions on this matter or others related to filing tax forms.

About the Author(s)

Mike Walston is a Principal in HBK's Hermitage office. He has been with HBK since 2013 and has led HBK's Affordable Care Act group since 2015. He focuses on tax compliance and consulting as well as financial statement compilation and review engagements. Before joining HBK, Mike spent eight years with Deloitte Tax LLP in Cleveland, Ohio. His tax experience includes compliance and consultation for both public and private companies, Estate and Gift tax matters, Trust taxation, and state and local tax compliance. He has extensive experience working with partnerships, S corporations, and consolidated corporations.

Mike is a member of the AICPA and a Certified Public Accountant for both the State of Ohio and State of Pennsylvania.

Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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