(from Bolton & Company) The Internal Revenue Service has updated and expanded its questions and answers regarding the Affordable Care Act reporting requirements. A sampling of the changes:
- IRS Notice 2016-70 provided an automatic 30-day extension to March 2, 2017 to provide Form 1095-C to full-time employees. The due date for filing forms with the IRS was not extended, but employers can obtain an extension by submitting a Form 8809.
- A substitute Form 1095-C may be furnished to the recipient, and if the employer is filing using paper, substitute Forms 1094-C and 1095-C may be filed with the IRS. The substitute forms must include all of the information required on Form 1094-C and Form 1095-C and the substitute forms filed with the IRS must be in landscape format.
- An employer that participates in a multiple employer welfare arrangement is considered to offer that coverage to its employees and must comply with the reporting requirements.
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