Extended Deadline for Furnishing (But Not Filing) 2017 ACA Form 1095-B and Form 1095-C
Deadline for Furnishing Individual Statements Extended
On December 22, 2017, the IRS issued Notice 2018-6, which extends the due date for certain Affordable Care Act (ACA) information reporting requirements for insurers, self-insured plan sponsors and "applicable large employers." Specifically, the IRS is extending the deadline for furnishing 2017 Form 1095-B and 2017 Form 1095-C to individuals by 30 days-from January 31, 2018 to March 2, 2018.
Notice 2018-6 does not, however, extend the deadline for filing the 2017 forms with the IRS. The IRS filing deadline remains April 2, 2018 (or February 28, 2018 if not filing electronically).
Despite the extension, the IRS is encouraging reporting entities to furnish Form 1095-B and 1095-C statements as soon as they are able.
Impact on Individual Taxpayers
The IRS recognizes that taxpayers may not receive their Form 1095-B or Form 1095-C by the time they are ready file their 2017 income tax returns due to the deadline extension. Like last year, taxpayers do not need to wait to receive their Form 1095-B and/or 1095-C in order to file their tax returns.
Instead, taxpayers may rely on other information received from their employer or insurer in attesting on their tax returns as to whether they had "minimum essential coverage" as required by the so-called individual mandate, or whether they were eligible for a Marketplace subsidy. They do not need to send their Form 1095-B, Form 1095-C or any information they relied upon in completing their 2017 tax return to the IRS, but should keep that information with their tax records.