ACA Reporting Deadlines for Tax Year 2016 are fast-approaching and your company may have chosen to complete your ACA Reporting requirements on your own. If you find yourself in a situation where the deadlines are looming and you don't know if you can issue all Form 1095s and e-File on time, the IRS may be able to give you an extension to assist in your efforts.
We've outlined the process for requesting an extension from the IRS below. As a reminder, the deadline for issuing Form 1095 to all applicable employees is January 31st, 2017. The deadline for paper filing your 1094 and 1095 forms with the IRS is February 28th, 2017. The e-Filing deadline, the required filing process for ALEs with 250 or more forms, is March 31st, 2017.
Companies may request an extension of time to issue forms to recipients by sending a letter to:
Internal Revenue Service, Information Returns Branch
Attn: Extension of Time Coordinator
240 Murall Drive, Mail Stop 4360
Kearneysville, WV 25430.
If your request for an extension is approved, generally you will be granted a maximum of 30 extra days to furnish the recipient statements. We have attached a sample letter for you to use when filing for a Form distribution extension.
Companies can get an automatic 30-day extension of time to file by completing Form 8809, Application for Extension of Time to File Information Returns, and filing it with the IRS on or before the due date for the Form 1094-B and 1095-B. The forms may be submitted on paper or through the FIRE System either as a fill-in form or an electronic file. No signature or explanation is required for the extension. However, you must file these forms by the due date of the returns in order to get the 30-day extension. Under certain hardship conditions you may apply for an additional 30-day extension.
BenefitScape is available to assist at any point during your ACA Reporting for Tax Year 2016. Whether you're confused about the regulations or worried about the strict penalties, if your company finds itself in a bind, we can jump in and complete your reporting at any point to guarantee 100% ACA Compliance. Our team and software is flexible; we'll work with you and make Reporting simple and stress-free.
Visit our Contact Us page for any inquiries, we will get back to you within 24 hours.