On November 29, 2018, the Internal Revenue Service (“IRS”) issued Notice 2018-94, which extends the deadline for issuers and Applicable Large Employers to issue Affordable Care Act Forms 1095-B and/or Form 1095-C to individuals from January 31, 2019, to March 4, 2019.
The IRS will not impose filing or issuance penalties when a “good faith effort” has been made to issue and file the statements in regards to time and accuracy. Taxpayers can file their 2018 return prior to receipt of either form to confirm satisfaction of the individual Minimum Essential Coverage requirement.
Read the recent publication from Cherry Bekaert Benefits Consulting for more information and a full list of points of interest.
