Deadlines Extended for 2015 reporting Requirement of 1094 & 1095

texIRS Notice  2016-4  extends the deadline for large group and self-funded groups for reporting under section 6055 & 6056.

Under the law applicable large employers or self funded plans:

Must provide to individuals the 1095-B and 1095-C forms. This was originally due by Feb. 1st and now has been extended to March 31st of 2016.

Must file with the IRS the 2015 forms:

  • 1094-B, 1095-B, 1094-C and 1095-C has also been extended to May 31st 2016.

The 1094-B and 1095-B will be used by groups that have self-funded plans, but are not considered a large group. These fillings are to report plan information to the IRS and to covered employees.

Applicable large group employers will use forms 1094-C and 1095-C to report info to the IRS and employees.

If your company is both a large group and self-funded, use forms 1094-C & 1095-C, this will satisfy both reporting requirements.

Employers that do not comply with the ACA reporting will be subject to penalties.

Confirm all information with your trusted advisors! If you can’t trust them, then call us.

Looking For A Reliable & Dedicated Benefit Consultant?