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Christmas comes early to Payroll

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in Payroll Today

You have one less critical year-end task to worry about. The IRS announced on Nov. 18 that it’s pushing back to March 2, 2017, the deadline for you to provide employees with their copies of Form 1095-C or Form 1095-B. Those are the IRS forms, mandated by the Affordable Care Act, that provide information about the health insurance coverage that employers offer.

However, the IRS is still encouraging you to provide forms to employees by the original Jan. 31 deadline, since they’ll still need them to complete their 2016 income tax returns. (Notice 2016-70, IRB 2016-49)

Limited relief

Because the IRS is extending this deadline on its own, you don’t need to request an extension of time from the IRS to give the forms to employees.

The deadline extension, however, doesn’t affect your filing deadlines, at least not yet. As of now, you’re still required to file with the IRS by Feb. 28, 2017, if you’re filing on paper, or by March 31, ...(register to read more)

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