The most comprehensive resource available for payroll professionals. This service provides payroll news, white papers, custom research answers, webinars on the hottest payroll topics, survey and...
By Keith Hill
An extension to provide Forms 1095-B, Health Coverage, and 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals was given to applicable large employers, insurers, self-insuring employers, and other coverage providers, the Internal Revenue Service said Dec. 22 ( IR-2017-209).
The new deadline is March 2, 2018, 30 days longer than the original due date of Jan. 31, the IRS said in extending the time to provide 2017 health coverage information forms to employees.
Insurers, self-insuring employers, other coverage providers, and applicable large employers must furnish statements to employees or covered individuals regarding the health-care coverage offered to them. Individuals may use this information to determine whether, for each month of the year, they may claim the premium tax credit on their individual income tax returns, the IRS said.
The deadline for filing 2017 information returns with the IRS were not extended. For 2018, the due dates are Feb. 28 for paper filers and April 2 for electronic filers, the IRS said.
Because of these extensions, individuals may not receive Forms 1095-B or 1095-C by the time they are ready to file individual income tax returns for 2017. Although information on these forms may assist in preparing a return, these forms are not required for filing, the IRS said.
To contact the reporter on this story: Keith Hill in Washington at firstname.lastname@example.org. To contact the editor on this story: Michael Baer at email@example.com.
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)