In late December the IRS provided a 30-day extension for insurers, self-insuring employers, other coverage providers, and applicable large employers to provide the 2017 health coverage forms to their employees. The original date, January 21 was extended until March 2, 2018. At this time these groups must provide statements to their employees or any covered individuals regarding the health coverage that is offered to them. This will assist the employees in determining if they will be able to claim the premium tax credit on their individual income tax returns. This extension is automatic, it is not something that employers have to request.
We have made mention of this extension in the past on our website. The reason we are bringing it up again now is the due dates for filing 2017 information returns with the IRS are not extended. For 2018, the due dates to file information returns with the IRS are:
- 28 for paper filers
- April 2 for electronic filers
The dates are quickly approaching. We wanted to surface them as a reminder for your information and use.
The IRS also noted that this extension may be beyond when many taxpayers are ready to file their taxes. These forms are not required to file. Taxpayers may be able to prepare and file their returns using other information about their coverage, they do not need to wait for the forms 1095-B or 1095-C to file.
If you have any questions about this extension, please don’t hesitate to contact us.
Additional information may be found here: