Daily Tax Report ®

IRS Extends Obamacare Reporting Deadlines (Corrected)

Dec. 2, 2019, 5:03 PMUpdated: Dec. 4, 2019, 9:21 PM

The Internal Revenue Service is giving employers one more month to prepare their annual health insurance coverage paperwork and won’t enforce certain penalties as part of its transition relief flowing from changes affecting the Affordable Care Act.

Notice 2019-63, issued Dec. 2, mimics prior filing extensions by the Trump administration, granting health-care providers until early March 2020 to send out tax-related Forms 1095-B and 1095-C. The documents, which participants must file with their tax returns to prove they met minimum essential coverage standards, became ceremonial once President Donald Trump’s signature tax cut nullified the requirement that all individuals have health coverage or pay a penalty.

Under the notice:

  • Employers, insurers, and other providers of minimum essential coverage have until March 2, 2020 to furnish the health care-related statements;
  • The IRS and Treasury will not enforce the penalty under section 6722 against providers who fail to provide Form 1095-B so long as the company posts a notice on its website that said document is available by request, and fulfills any requests from employees for their Form 1095-B within 30 days.
  • Relief is also extended to employers who provide incorrect or incomplete filing information so long as they make a good-faith effort to do so by the new March deadline.
(Corrects Dec. 2 story to state that the reporting deadline is extended for one month and that the IRS isn't enforcing certain penalties.)

To contact the reporter on this story: Warren Rojas in Washington at wrojas@bloomberglaw.com

To contact the editors responsible for this story: Fawn Johnson at fjohnson@bloomberglaw.com; Brent Bierman at bbierman@bloomberglaw.com

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