Due Date Extended for Certain Health Coverage Reporting

Post Date: 12/6/19
Last Updated: 12/6/19


Cross References
- Notice 2019-63

The IRS has extended the due date for furnishing information statements to individuals for certain health coverage reporting purposes. The IRS has determined that a substantial number of employers, insurers, and other providers of health coverage need additional time to provide this information to individuals. As a result, the due date for furnishing the 2019 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals has been extended from January 31, 2020, to March 2, 2020.

Since the shared responsibility payment has been reduced to zero for months beginning after December 31, 2018, the IRS has determined that individuals no longer need Form 1095-B to compute their federal tax liability or file an income tax return. Because of this, the IRS has announced that the penalty under IRC section 6722 for failing to furnish a 2019 Form 1095-B to individuals will not apply if the following two conditions are met:
1) The reporting entity posts a notice prominently on its website stating that responsible individuals may receive a copy of their 2019 Form 1095-B upon request (along with an email address, physical address, and telephone number that the individual can use to contact the reporting entity), and
2) The reporting entity furnishes a 2019 Form 1095-B to any responsible individual upon request within 30 days of the date the request is received.

Entities are still required to furnish Form 1095-C to their employees since this information affects an employee’s eligibility for the Premium Tax Credit (PTC).

Notice 2019-63 also provides relief from the penalties under IRC section 6721 and 6722 for reporting entities that report incorrect or incomplete information on information returns, such as inaccurate taxpayer identification numbers and dates of birth, if the reporting entity made a good-faith effort to comply with the regulations.
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