ACA IRS Deadline Extension

On October 2, 2020 the IRS released Notice 2020-76 announcing the deadline for employers to provide their employees with a copy of their 1095-C or 1095-B has been extended  from January 31, 2021 to March 2, 2021. The deadlines were not extended for filing 1094/1095 forms with the IRS; they are still February 28, 2021 for paper filing or March 31, 2021 for electronic filing. In addition, the IRS again extended "good-faith relief" from penalties for incorrect or incomplete information, to employers filing on time, for tax year 2020 reporting however this notice indicated this will be the final year this relief will be granted.