ACA Filing Deadline Extension
In Fall 2015, we alerted you to a deadline for a new employer filings under the Affordable Care Act. On December 28, 2015 the IRS extended the deadline to furnish and file the required forms for all required filers. The new deadlines are:
- March 31, 2016, to deliver the 2015 Forms 1095-C to affected employees;
- May 31, 2016, to manually file the 2015 Forms 1094-C and 1095-C with the IRS — for employers who’re eligible for paper filing; and
- June 30, 2016, to electronically file the 2015 Forms 1094-C and 1095-C with the IRS.
According to the IRS this is a one-time filing extension and will not be further extended. This will give employers and payroll companies additional time to prepare for this new requirement. If you fail to make the required filings by these extended deadlines, you will be subject to penalties. If you have not yet determined how you will prepare for this deadline, you should be contacting your payroll service or benefits broker for assistance.