Automatic Deadline Extension for Six Obamacare Information Returns

December 31, 2015

The IRS earlier this week in Notice 2016-4 announced that the deadline for delivering or filing six related Obamacare information returns otherwise due as early as February 1, 2016, has been extended. More specifically,

(1) the deadline for furnishing a copy of Forms 1095-B and 1095-C to individuals has been extended from February 1, 2016 to March 31, 2016, and

(2) the deadline for filing Forms 1094-B, 1094-C, 1095-B and 1095-C with the IRS has been extended from February 29, 2016 to May 31, 2016 or, if filing electronically, from March 31, 2016 to June 30, 2016.  

Notice 2016-4 acknowledges that some individuals might be adversely affected by these extensions but states that most individuals will not be adversely affected.  The notice also states that the extensions granted by the notice are more generous than the extensions available on an individual basis so the IRS will not formally grant any extensions which previously have been requested on an individual basis.  

If you have any questions please contact Donald S. Kohla at 678.336.7140 or Jan G. Marsh at 678.336.7135.

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