The IRS has issued Notice 2020-76, once again extending the due date for the 2020 1095-B and 1095-C forms that are sent to employees from January 31, 2021 until March 2, 2021. However, the Notice also confirms that the due date for filing those same 1095 Forms with the IRS remains the same: Therefore, employers filing by paper must submit their forms to the IRS by March 1, 2021 (because February 28 is a Sunday). Those filing electronically have until March 31. The notice also extends the good fa...

The IRS has recently begun issuing and re-sending Letters 5699 for Tax Year 2018 for non-filers. Their Enforcement Office located in Ogden, UT was temporarily closed in March 2020 in response to the COVID-19 stay-at-home orders. As their office has reopened, BenefitScape is here to support any employers and organizations who have received these notices.

We've previously blogged on the updated Form 1094-B/C and 1095-B/C for TY2020, and now we're pleased to share some further insight into some of the changes made on this years' forms, specifically surrounding Individual Coverage Health Reimbursement Arrangement (ICHRA) compliance. There are several big changes:

As COVID-19 severely affects various industries such as hospitality and food service, your organization may be experiencing mass furloughs and layoffs to protect your business. As you and your team work through these changes, ACA Compliance and Reporting may top be top of mind, but we're here to help you with these efforts to avoid costly penalties in the future.

Some sectors may be experiencing mass hiring due to COVID-19. We're sharing some key considerations for your organization that will ensure complete ACA Compliance and Reporting.