Compliance Update: IRS Delays 6055 and 6056 Reporting for 2018


Who does this apply to?
All Applicable Large Employers (ALEs) who offer health coverage to their employees.

What action must I take? 
Distribute form 1095-C to employees by the new deadline of March 2, 2018.

Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) are responsible for reporting information about offers of health coverage and enrollment in health coverage to their employees and to the IRS.

Reporting was first due in 2016, based on coverage in 2015. Reporting in 2018 will be based on coverage in 2017. All reporting will be for the calendar year, even for non-calendar year plans.

New Deadline
On Friday, December 22, the IRS issued Notice 2018-06, delaying the reporting deadline in 2018 for form 1095-C to individuals. There is no delay for form 1094-C due to the IRS.

Original Deadlines                 Delayed Deadlines  
DUE TO THE IRS: Deadline to the IRS for all forms remains the same.
Form 1094-C was originally due to the IRS by February 28, if filing on paper, or April 2, if filing electronically.

Form 1095-C was due to employees by January 31, 2018. Form 1095-C is now due to employees by March 2, 2018.