Deadline Extended for Providing Healthcare Forms

Deadline Extended for Providing Healthcare Forms

Internal Revenue Service

The IRS has issued guidance (Notice 2019-63) that provides some penalty relief and extends to March 2, 2020, the date by which insurers and employers must furnish some 2019 healthcare information returns to individuals. Treasury and the IRS determined that the relief is necessary to give employers, insurers, and other providers of minimum essential coverage time beyond the original January 31, 2020, due date to gather and analyze the required information and prepare the applicable 2019 forms for individuals — Form 1095-B, “Health Coverage,” and Form 1095-C, “Employer-Provided Health Insurance Offer and Coverage.” Because of the automatic extension to March 2, 2020, the provisions allowing the IRS to grant an extension of time of up to 30 days to furnish Forms 1095-B and 1095-C will not apply to the extended due date. Notice 2019-63 doesn’t extend the due date for filing 2019 Forms 1094-B, 1095-B, 1094-C, or 1095-C, but it doesn’t affect the provisions regarding an automatic extension for filing information returns. The automatic extension remains available under the normal rules for employers and other coverage providers who submit a Form 8809 by the due date. Nor does the notice affect the provisions regarding additional extensions to file. Treasury and the IRS, noting that the individual shared responsibility payment is reduced to zero for months beginning after December 31, 2018, are continuing to study whether and how the reporting requirements under <a href="/research/federal/usc26/6055" resolve="/lr/resolve//cnwv">section 6055</a> should change, if at all, for future years. Citing enforcement priorities, the IRS will not impose a penalty under <a href="/research/federal/usc26/6722" resolve="/lr/resolve//cpmf">section 6722</a> against reporting entities for failing to furnish a Form 1095-B to responsible individuals if two conditions are met. The guidance also addressed the applicability of the relief to an applicable large employer offering a self-insured health plan. The relief does not affect the assessment of penalties associated with the requirement or the deadline to file 2019 Forms 1094-B or 1095-B, or Forms 1094-C or 1095-C, as applicable. Notice 2019-63 also extends good-faith transition relief from <a href="/research/federal/usc26/6721" resolve="/lr/resolve//cqlm">section 6721</a> and <a href="/research/federal/usc26/6722" resolve="/lr/resolve//cpmf">6722</a> penalties to the 2019 information reporting requirements under <a href="/research/federal/usc26/6055" resolve="/lr/resolve//cnwv">sections 6055</a> and <a href="/research/federal/usc26/6056" resolve="/lr/resolve//cqhz">6056</a>. Specifically, the guidance extends relief from the penalties to entities that report incorrect or incomplete information on the return or statement when the entities can show that they made good-faith efforts to comply with the requirements. Comments are requested on whether and why an extension of the due date for furnishing statements to individuals under <a href="/research/federal/usc26/6056" resolve="/lr/resolve//cqhz">section 6056</a> and an extension of good-faith reporting relief under <a href="/research/federal/usc26/6056" resolve="/lr/resolve//cqhz">section 6056</a> will be necessary for future years.

The IRS has issued guidance (Notice 2019-63) that provides some penalty relief and extends to March 2, 2020, the date by which insurers and employers must furnish some 2019 healthcare information returns to individuals.

The IRS has issued guidance (Notice 2019-63) that provides some penalty relief and extends to March 2, 2020, the date by which insurers and employers must furnish some 2019 healthcare information returns to individuals. Treasury and the IRS determined that the relief is necessary to give employers, insurers, and other providers of minimum essential coverage time beyond the original January 31, 2020, due date to gather and analyze the required information and prepare the applicable 2019 forms for individuals — Form 1095-B, “Health Coverage,” and Form 1095-C, “Employer-Provided Health Insurance Offer and Coverage.” Because of the automatic extension to March 2, 2020, the provisions allowing the IRS to grant an extension of time of up to 30 days to furnish Forms 1095-B and 1095-C will not apply to the extended due date. Notice 2019-63 doesn’t extend the due date for filing 2019 Forms 1094-B, 1095-B, 1094-C, or 1095-C, but it doesn’t affect the provisions regarding an automatic extension for filing information returns. The automatic extension remains available under the normal rules for employers and other coverage providers who submit a Form 8809 by the due date. Nor does the notice affect the provisions regarding additional extensions to file. Treasury and the IRS, noting that the individual shared responsibility payment is reduced to zero for months beginning after December 31, 2018, are continuing to study whether and how the reporting requirements under section 6055 should change, if at all, for future years. Citing enforcement priorities, the IRS will not impose a penalty under section 6722 against reporting entities for failing to furnish a Form 1095-B to responsible individuals if two conditions are met. The guidance also addressed the applicability of the relief to an applicable large employer offering a self-insured health plan. The relief does not affect the assessment of penalties associated with the requirement or the deadline to file 2019 Forms 1094-B or 1095-B, or Forms 1094-C or 1095-C, as applicable. Notice 2019-63 also extends good-faith transition relief from section 6721 and 6722 penalties to the 2019 information reporting requirements under sections 6055 and 6056. Specifically, the guidance extends relief from the penalties to entities that report incorrect or incomplete information on the return or statement when the entities can show that they made good-faith efforts to comply with the requirements. Comments are requested on whether and why an extension of the due date for furnishing statements to individuals under section 6056 and an extension of good-faith reporting relief under section 6056 will be necessary for future years.

Sec. 6721 Failure to file correct information returns

Sec. 6722 Failure to furnish correct payee statements

Sec. 6055 Reporting of health insurance coverage

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Deadline Extended for Providing Healthcare Forms