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cbslee

FORM 1095 DUE DATE EXTENDED

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Copied from IRS eNews:

7.  Technical guidance – Transition relief related to health coverage reporting

Notice 2019-63 extends the due dates for certain 2019 information reporting requirements (.pdf) for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 and for applicable large employers under section 6056.

Specifically, this notice extends the due date from January 31, 2020 to March 2, 2020 for furnishing to individuals the 2019:

Form 1095-B, Health Coverage

Form 1095-C, Employer-Provided Health Insurance Offer and Coverage

This notice provides that the Service will not impose a penalty against reporting entities for failing to furnish a Form 1095-B to responsible individuals if certain conditions are met. It also extends transitional good-faith relief from section 6721 and 6722 penalties to the 2019 information reporting requirements under sections 6055 and 605.

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Oh Great!  We are supposed to actually see the documents to correctly prepare returns and also meet client expectations of timely return prep which, for most, will be well in advance of March 2. Perhaps more 'guidance' will be forthcoming and no penalty imposed for returns filed without eyeballs on the 1095-C. 

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