IRS Provides Transition Relief for 2019 ACA Reporting
On Dec. 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 that:
- Extends the due date for furnishing forms under Sections 6055 and 6056 for 2019 from Jan. 31, 2020, to March 2, 2020;
- Extends good-faith transition relief from penalties related to 2019 information reporting under Sections 6055 and 6056; and
- Provides additional penalty relief related to furnishing 2019 forms to individuals under Section 6055. Under this relief, employers will only have to provide Form 1095-B to covered individuals upon request.
Please be aware that these delays relate to the furnishing of forms to individuals only — the due date for filing forms with the IRS for 2019 remains Feb. 28, 2020 (March 31, 2020, if filing electronically).