The Affordable Care Act (ACA) information reporting deadlines for calendar year 2021 health coverage will soon be here.
Late last year, the IRS issued proposed regulations which made permanent an automatic 30-day extension of the otherwise-applicable January 31 deadline for furnishing ACA information reporting Forms 1095-B and 1095-C to covered individuals and employees, relating to health coverage for the previous calendar year. Although the proposed regulations provide that the permanent automatic 30-day extension would apply for calendar years beginning after December 31, 2021, they permit reporting entities to choose to apply the automatic 30-day extension for calendar years beginning after December 31, 2020. (The new permanent automatic 30-day extension replaces both the former 30-day extension for good cause shown to the IRS and the former authorization for the IRS to provide automatic extensions.)
Please see full publication below for more information.
