Navigating health reform
ACA Reporting Extension of 2017 Due Date and Good-Faith Transition Relief
On November 18, 2016, the IRS issued Notice 2016-70 extending the deadline for providing individuals Form 1095-B and 1095-C. The notice provides similar good-faith effort relief for 2016 as was available for 2015.
|Reporting Requirement||2017 Deadline|
|Providing individuals Form 1095-B and/or 1095-C||March 2|
|Filing Forms 1094-B, 1095-B, 1094-C, and 1095-C in Paper Format to the IRS||February 28*|
|Filing Forms 1094-B, 1095-B, 1094-C, and 1095-C in Electronic Format to the IRS||March 31*|
* Notice 2016-70 did not extend the deadline for this requirement.
Our ACA compliance services can help reduce your compliance and penalty risk.
The extension of the good-faith effort relief applies to taxpayers who report incorrect or incomplete information if they can adequately demonstrate to the IRS that a good-faith effort was made to comply. However, the good-faith effort relief is not guaranteed, and penalties may still apply.
The IRS has also stated that this relief does not apply for failure to timely provide or file a statement or return.