Notice of Proposed Rulemaking – ACA Reporting Relief for ALEs and Issuers

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December 2, 2021 | Brown & Brown Communications | Resources

On Tuesday, November 23, 2021, the IRS issued a Notice of Proposed Rulemaking that would permit employers an automatic 30-day extension of time to furnish Form 1095-C to employees and, if applicable, to provide Form 1095-B to covered individuals. No written request for the extension applies, and if the deadline falls on a weekend or holiday, the deadline will be extended to the next business day.

The rule applies to plan years starting after December 31, 2021 and subsequent calendar years. However, the notice states that, pending the issuance of final regulations, “Taxpayers may rely on §§1.6055-1 and 301.6056-1 of these proposed regulations for calendar years beginning after December 31, 2020…” Taxpayers in this context appears to mean coverage providers and Applicable Large Employers (ALEs) subject to the disclosure and reporting requirements. In other words, employers will have until March 2, 2022 to provide the 2021 1095-Cs to individuals.

For more information, please click here to view the notice.