Here’s one last reminder of the approaching deadline for IRS electronic reporting under the ACA until next year. Filing the 2015 Forms 1094-B, 1095-B, 1094-C and 1095-C with the IRS must be completed no later than June 30, 2016. Please be aware that these forms cannot simply be uploaded to the IRS website as a pdf or similar file format. You must have a system that is compatible with the IRS Filing Information Returns Electronically (FIRE) system, which is part of the Affordable Care Act Information Returns (AIR) program.
For 2016 there will be no further extensions of the deadline. The 30-day extension to furnish these reports that may be granted in a “normal” year will not be granted this year, as the extensions that the IRS previously granted are more generous.
For more information and help finalizing your 1094/5-C reports before the due date, you may refer to our Compliance Bulletin and Section 6056 Employer Reporting Guide. Contact your Higginbotham representative if you need assistance or have any further questions.