Right before the holiday weekend, the IRS released Notice 2018-06: a nice last minute holiday gift for employers. Let’s break it down:

The due date for providing Forms 1095-C to employees is extended 30 days to March 2, 2018

The ACA employer mandate – which remains as is despite the new tax law – requires all US employers with 50 or more full-time employees to offer their full-time workers ACA-compliant health coverage. These employers must also provide proof of that offer of coverage to the IRS with year-end forms 1095-C and 1094-C.

• The deadline to provide 1095-Cs to employees has been extended by the IRS to March 2, 2018.
• The IRS filing deadline of forms 1094-C & copies of the 1095-Cs remains the same:
  • paper filing needs to be done by Feb 28, 2018
  • electronic filing (required for employers with more than 250 1095-Cs) must happen by April 2, 2018.
• Even with this extension, the IRS encourages employers to send these forms ASAP.

Good Faith transition relief has been extended to 2017 reporting

This means that employers who work in good faith to complete the forms will not be assessed penalties due to missing or inaccurate information.

• This relief does not apply if the employer failed to furnish forms or timely file, only for missing or inaccurate information reported on the ACA forms.
• “Good Faith effort” means the IRS will take into account whether the employer made reasonable efforts to prepare for the reporting requirements – for example gathering and transmitting the data to appropriate parties and employer’s efforts in preparing for 2018 reporting.

So good news for employers. However, don’t let that detract from making sure your reporting is done accurately and timely - Integrity Data’s ACA compliance solution can help – contact us today.

December 28, 2017 by Integrity Data

Email | Print

Ask The Author

Tags: 1094-C, 1095-C, 50 or more FTE, ACA 2017 Reporting, ACA employer mandate, ACA reporting requirements, Affordable Care Act, Employer Mandate, Form 1095-C, good faith, Good Faith Effort, Integrity Data's ACA Compliance Solution, IRS extension, IRS extension 1095 C, new tax law, Notice 2018-06, ObamaCare, Trump Administration
Posted in By ISV/Add On Partners, ISV/Add On Products | No Comments »

More Posts By Integrity Data

1. Executive Order Payroll Tax Deferral- Here’s What We Know
2. IRS Finalizes Updates to Form 941 for COVID-19 Tax Credits
3. GP Optimizer Goes Live in July: Solve Today’s Challenges with GP Add-Ons
4. ACA Compliance Reporting for Staffing Agencies
5. How to Select a Dynamics 365 Payroll Integration

Related Posts

1. Does the good-faith effort reprieve from penalties apply to forms for 2016 filed in 2017?
2. Are Employer Reporting Requirements Going Away With Repeal & Replace?
3. ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?
4. Employer ACA Penalties Could Reach $31 Billion
5. Affordable Care Act (ACA) Repeal and Replace Efforts – Where are we at? What are Employers to do?