Happy New Year! More Time to File Forms 1095/1094 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Happy New Year! More Time to File Forms 1095/1094

Get PDF file

by on
in Payroll Today

In an act of year-end kindness, the IRS announced in late December that it's extending the time you have to provide employees with Form 1095-C or 1095-B and the time you have to file those forms. The IRS stressed, however, that if you can furnish and file on time, you should still do so.

Downside: No other filing extensions will be granted under this transition relief, including extension requests that were filed before the IRS issued this notice. (Notice 2016-4, IRB 2016-3)

New deadlines

Employees were to have received their copies of Form 1095-B or 1095-C by Feb. 1, 2016. Employees must now receive their forms by March 31.

If you file with the IRS on paper, your forms were due on Feb. 29; you now have until May 31 to file. The deadline for e-filers is extended from March 31, to June 30.

You will be subject to penalties if you fail to furnish or file by these extended deadlines. Nevertheless, even if you miss these extended d...(register to read more)

To read the rest of this article you must first register with your email address.

Email Address:

Leave a Comment

 

Previous post:

Next post: