The IRS announced today that it has extended the 2018 due date for certain
entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and
applicable large employers now have until March 2, 2018, to provide Forms
1095-B or 1095-C to individuals, which is a 30-day extension from the original
due date of Jan. 31. Insurers, self-insuring employers, other coverage
providers, and applicable large employers must furnish statements to employees
or covered individuals regarding the health care coverage offered to them. Individuals may use this information to determine whether, for each month of
the calendar year, they may claim the premium tax credit on their individual
income tax returns.
This 30-day extension is automatic. Employers and providers don’t have to
request it. The due dates for filing 2017 information returns with the IRS are
not extended. For 2018, the due dates to file information returns with the IRS
are:
- Feb. 28 for paper filers
- April 2 for electronic filers
Because of these extensions, individuals may not receive their Forms 1095-B
or 1095-C by the time they are ready to file their 2017 individual income tax
return. While information on these forms may assist in preparing a return, the
forms are not required to file. Taxpayers can prepare and file their returns
using other information about their health coverage. They do not have to wait
for Forms 1095-B or 1095-C to file.
No comments:
Post a Comment