The Washington Report
December 11, 2019
IRS Releases Notice on Transition Relief Related to Health Coverage Reporting Required by Sections 6055 and 6056; Extends Due Dates to March 2, 2020
On December 2, 2019, the Internal Revenue Service (IRS) released Notice 2019-63, which extends the due dates for certain 2019 information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under Section 6055 and for applicable large employers under Section 6056. Specifically, Notice 2019-63 extends the due date for furnishing to individuals the 2019 Form 1095-B, Health Coverage, and the 2019 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2020, to March 2, 2020. Additionally, the Notice provides that the IRS will not impose a penalty under Section 6722 against reporting entities for failing to furnish a Form 1095-B to responsible individuals if two conditions are met. The Notice also extends transitional good faith relief from Section 6721 and 6722 penalties to the 2019 information reporting requirements under Sections 6055 and 6056.
IRS Notice 2019-63 is available here.
For additional information on Notice 2019-63, please refer to the Aon bulletin IRS Extends Due Date for Furnishing Forms 1095-C and 1095-B in the Publications section of this newsletter.
IRS Extends Due Date for Furnishing Forms 1095-C and 1095-B
On December 2, 2019, the Internal Revenue Service (IRS) published Notice 2019-63, which provides an extension of time from January 31, 2020, to March 2, 2020, for employers and insurers to furnish 2019 Forms 1095-B and 1095-C to individuals.
The IRS also introduced new guidance providing reporting relief to insurers with respect to Form 1095-B and to employers with respect to employees who were not full-time employees for any month in 2019. The IRS will once again provide penalty relief for filers who make information reporting errors but demonstrate good faith efforts to comply with the Affordable Care Act reporting requirements.
The Aon bulletin, which provides further details regarding Notice 2019-63, is available here.
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