What are the Details?

In Notice 2018-16, the IRS extends the 2018 deadline from January 31 to March 2 for employers and insurers to furnish individual statements on 2017 health coverage and full-time employee status (Forms 1095-B and 1095-C). The notice also extends 2016 good-faith penalty relief to 2017 for incorrect or incomplete reports due in 2018.

In the Notice, the IRS did not extend the due date for filing the 1095 forms with the IRS February 28, 2018 (if filing by paper) or April 2, 2018 (if filing electronically).

Please remember that filers can still take advantage of an automatic 30-day extension of the IRS filing deadline by submitting Form 8809 before the relevant due date.

Lastly, IRS extends the good-faith relief in Notice 2016-70 that applied to filings in 2015 to 2016 and now to 2017. 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.

In order to qualify for this relief, filers must meet applicable deadlines. IRS recognizes that late filers may still be able to avoid penalties by showing reasonable cause for missing the due dates.

For a copy of the Notice, please click on the link below:


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