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The IRS has extended its due date for furnishing to individuals Form 1095-B/C from January 31, 2017 to March 2, 2017.

The IRS has extended its due date for furnishing to individuals Form 1095-B/C from January 31, 2017 to March 2, 2017.  

The Notice also extends transition relief from penalties if an employer makes a "good faith effort" to comply with reporting requirements.

This relief is welcome news for employers who are still working on their compliance approach.

Please let us know if you have any questions.  Thank you.

Text of IRS Notice 2016-70: Extension of Due Date for Furnishing Statements and of Good-Faith Transition Relief under Sections 6721 and 6722 for Reporting Required by Sections 6055 and 6056 for 2016

"This notice extends the due date for certain 2016 information-reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code) and for applicable large employers under section 6056 of the Code. Specifically, this notice extends the due date for furnishing to individuals the 2016 Form 1095-B, Health Coverage, and the 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2017, to March 2, 2017. This notice also extends good-faith transition relief from section 6721 and 6722 penalties to the 2016 information-reporting requirements under sections 6055 and 6056.  This notice does not extend the due date for filing with the Service the 2016 Forms 1094-B, 1095-B, 1094-C, or 1095-C, which remains February 28, 2017, if not filing electronically, or March 31, 2017, if filing electronically."