IRS Updates ACA Reporting Deadlines

While the holiday season may have just ended, the IRS still has a surprise gift for employers. For the third year in a row, the agency has pushed the filing deadlines for Affordable Care Act (ACA) reporting.

In a notice published late last week, the IRS announced that the deadline to file Forms 1095-C and 1094-C has been delayed from January 31, 2018 to March 2, 2018. Employers with 50 or more full time workers are required to file both forms, which outline the medical benefits offered that year. These reports are used by the IRS to track who has complied with the employer mandate.

The news marked just the latest twist for businesses affected by the healthcare law, after nearly 12 months of repeal efforts in Washington. While the penalty for individuals not having insurance has been repealed with December’s tax reform law, employer mandate penalties remain in full effect for businesses.

Employers should work closely with their benefits broker or benefits administration service to meet their ACA reporting obligations ahead of the March 2 deadline.

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