The IRS issued Notice 2016-70 on November 18, extending the deadline for employers to furnish employees with 1095-B and 1095-C Forms. The deadline has moved from January 31, 2016 to March 2, 2016, an extension of 30 days. The 30-day extension applies automatically, and employers do not have to file additional documentation.
Because 30 days is the most generous permissive extension allowed in the regulations, the IRS will not formally respond to requests already submitted for permissive extensions. Additionally, good-faith transition relief for filing incorrect or incomplete information has been extended to 2016. Notice 2016-70 states that this relief "applies to missing and inaccurate taxpayer identification numbers" and other required information on the return.
The Notice does not extend the due date for employers to file 2016 Forms 1094-B, 1095-B, 1094-B, and 1094-C with the IRS. The deadline for filing these forms with the IRS remains February 28, 2017 for mailed filings and March 31, 2017 for electronic filings.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
