IRS Proposes Extension to 2021 ACA Reporting Deadline to Furnish Employee Statements

2021 ACA Reporting Deadline

In the proposed regulations released on November 22, 2021, the IRS proposed to provide an automatic 30-day deadline extension from January 31 to March 2 for employers and insurers to furnish individual statements on health coverage and full-time employee status (Forms 1095-B and 1095-C) for the 2021 reporting year.

In the proposed regulations, the IRS did not extend the due date for filing the 1094 and 1095 Forms with the IRS, which still remain February 28, 2022 (if filing by paper) or March 31, 2022 (if filing electronically). The proposed regulations do not extend the deadline to file these Forms with the IRS, but employers can request a 30-day extension.

Also, the proposed regulations do not extend the good-faith penalty relief to 2021 for incorrect or incomplete reports due in 2022.