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IRS Extends Deadline for 2016 Form 1095-C and Form 1095-B to March 2, 2017

On November 18, 2016, the IRS extended the deadline for furnishing to individuals the 2016 Form 1095-B (reporting of minimum essential coverage) and 2016 Form 1095-C (reporting of employer-sponsored coverage), from January 31, 2017 to March 2, 2017. The IRS, however, did not extend the deadline for filing with the IRS Forms 1094-B, 1095-B, 1094-C, or 1095-C. These Forms must be filed with the IRS by February 28, 2017 (March 31, 2017, if filing electronically).

Further, the IRS extended the relief from penalties associated with the Affordable Care Act information reporting requirements for reporting entities that can show that they have made good-faith efforts to comply with the information reporting requirements. This relief applies only for incorrect or incomplete information reported on the return or statement, and does not apply to reporting entities that fail to timely file an information return or furnish a statement.

For further information regarding this extension, please visit IRS Health Care Tax Tip 2016-78.

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