4/8/2023 0 Comments Us irs 2016 extension formApplicable Large Employers or other coverage providers that do not comply with these extended due dates will be subject to penalties. IMPORTANT NOTE: The extensions for the ACA information reporting requirements apply for calendar year 2015 only and have no effect of the requirements for other years or on the effective dates or application of the ACA “Pay or Play” provisions. Extended from Mato J(electronic filing).Form Distribution to Individuals (Forms 1095-B and 1095-C):. Many ALEs have found compliance with this mandate challenging, therefore, we welcome the extension from the IRS to allow employers a couple more months to prepare. There are no exceptions to the filing requirement. Under the ACA, Applicable Large Employers must file the 2015 Forms 1094-C and 1095-C with the IRS, and furnish copies of the 1095-Cs to full-time employees (and to covered part-time employees, if the employer’s plan is self-funded). Coverage providers also have additional time to file and distribute the B series forms for 2015 Calendar Year only. Per the IRS Notice 2016-4, they extended the deadlines for the 2015 Affordable Care Act (ACA) information requirements to complete the 2015 Forms 1094-C and 1095-C. Great news for Applicable Large Employers (ALE) and self-insuring employers, who are required to report under Section 60 of the Internal Revenue Code.
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