The IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31, 2019 to March 4, 2019. Notice 2018-94 DOES NOT extend the deadlines for filing the 2018 Forms 1094-B, 1095-B, 1094-C, or 1095-C with the IRS. The due date for filing with the IRS remains February 28, 2019 for paper forms, or April 1, 2019 if filing electronically.
Notice 2018-94 also extends the “good faith” reporting relief seen in prior years for incomplete or incorrect information returns. Penalty relief will only be available to those who can demonstrate a reasonable effort was made to prepare an accurate form and that the form was furnished and filed in a timely manner. Individual taxpayers are not required to wait to receive a Form 1095-B or 1095-C before filing their personal tax returns and may rely on other information available to them to confirm they maintained minimum essential coverage in 2018.
If you have questions or would like additional information about ACA reporting, please feel free to contact us at [email protected].