![]() The proposed regulations, she added, "do not change the Feb. "Such forms will now be due each year on March 2 (or the next business day if March 2 falls on a weekend/holiday), and the relief is immediate-furnishers can rely on the proposed regulations for 2021 reporting (due in 2022)." Thomas, a principal in the Baltimore office of law firm Jackson Lewis. Source: IRS.The IRS proposed regulations " make permanent a 30-day automatic extension for furnishing Forms 1095-B and 1095-C to individuals," wrote Kellie M. **Filers can obtain a 30-day extension on filing forms with the IRS by submitting Form 8809-Application for Extension of Time to File Information Returns-by the filing due date. ![]() *Employers that file 250 or more information returns with the IRS must file the returns electronically. 31, 2022(automatic extension to March 2)Paper filing with IRS*Feb. IRS Extends Deadline for Distributing ACA Forms to Employees.The article below has been updated to reflect this change.Įmployers should ensure that they and their service providers are prepared to furnish health care reporting forms to employees and file these forms with the IRS in this first quarter of 2022 as required under the Affordable Care Act (ACA), as the IRS will no longer grant penalty relief upon showing good-faith efforts to comply.The ACA requires applicable large employers (ALEs)-employers that during the prior year had 50 or more full-time employees or the equivalent when part-time employees' hours are combined-to submit reporting forms to the IRS and to distribute these forms to employees by the following deadlines:ĭeadline1095 forms delivered to employeesJan. The proposal says employers and insurers may take advantage of the extension for 2021 reporting forms before the rule is finalized.The proposal does not change the due dates for filing these forms with the IRS. ![]() ![]() The Braven Health℠ name and symbols are service marks of Braven Health.Update: IRS Offers Extension for Delivering Employee FormsThe IRS, after initially saying there would be no automatic deadline extension for delivering Affordable Care Act (ACA) 1095 reporting forms to employees at the start of 2022, has now proposed a permanent, automatic 30-day extension, until March 2, for furnishing employee forms. The Horizon® name and symbols are registered marks of Horizon Blue Cross Blue Shield of New Jersey. The Blue Cross® and Blue Shield® names and symbols are registered marks of the Blue Cross and Blue Shield Association. Communications may be issued by Horizon Blue Cross Blue Shield of New Jersey in its capacity asĪdministrator of programs and provider relations for all its companies. Products and services are provided by Horizon Blue Cross Blue Shield of New Jersey, Horizon Insurance Company, Horizon Healthcare of New Jersey, Braven Health, and/or Horizon Healthcareĭental, Inc., each an independent licensee of the Blue Cross and Blue Shield Association. To see all available Qualified Health Plan options, go to the New Jersey Health Insurance Marketplace at This website does not display all Qualified Health Plans This website is operated by Horizon Blue Cross Blue Shield of New Jersey and is not New Jersey’s Health Insurance Marketplace.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |